U.S. Senator Chris Coons (D-DE) has issued a release announcing new legislation that would, among other measures, provide for the introduction of border carbon adjustment (levy) on polluting imports. Key aspects of the legislation are summarized as follows: --- FAIR Transition and Competition Act of 2021 Senator Chris Coons (D-DE) and Representative Scott Peters (D-CA-52) Protecting jobs, building resilience, and raising international climate ambition International climate cooperation will be a critical component in reaching net-zero emissions by 2050, and the United States has an opportunity to reframe trade around climate values. Despite the leadership of many U.S. businesses in reducing...