U.S. President Joe Biden’s platform mentioned BCAs, but his climate agenda has largely stalled due to opposition in Congress. Awas referred to the Senate Finance committee in July, but hasn’t yet had a hearing.
According to the plan, how much pollution a certain good produces would be measured from 2023 to 2026. Then, from 2026 to 2035, the actual pricing mechanism would kick in.of $107 per tonne is higher than Canada’s , which could pose a problem for Canadian exporters, said Michael Bernstein, executive director of Clean Prosperity, a climate-focused think tank.
A federal official speaking on background told iPolitics that Freeland has been having “constructive bilateral conversations” with the U.S. and EU about BCAs, but didn’t specify whether she’d discussed possible exemptions with the EU. Once the EU’s various branches finalize a proposal for member states — which could happen in early 2022 — all eyes will be on Germany, Cosbey said.If the Germans agree, BCAs will really pick up steam.
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