The United States has an advantage over China in producing goods and services at lower rates of carbon emissions, a GOP-backed group said in a new report Wednesday aimed at winning over Republicans skeptical of carbon taxes.
Right now, there are no policies in place to reward U.S. companies for producing less carbon than competitors. But the report, published by the Climate Leadership Council, finds that imposing a carbon price with a border adjustment, or import tax on carbon-intensive goods, would change that and force competitors to lower their emissions if they want a piece of the U.S. market.
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