Sen. Chris Coons (D-DE) and Rep. Scott Peters (D-CA-52) recently introduced the FAIR Transition and Competition Act of 2021 to establish a border carbon adjustment (BCA) on polluting imports.
A BCA is a “trade tool that levels the field for domestic manufacturers by imposing a fee on carbon-intensive products when they reach the border,” according to a release by the lawmakers.
The congressmen’s legislation came shortly after Senate Democrats included a new pollute import fee in the budget plan.
The pair says the bill will incentivize investments in cleaner technologies and account for the cost of complying with U.S. laws and regulations on greenhouse gas emissions.
