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How a US carbon border tax could hurt Australian exports

Matthew Cranston

Direct Australian exports to the United States would fall by less than a modest 1.2 per cent if the Biden administration imposed a carbon tariff – however, the indirect effects, through exports to China, could be substantially greater.

Following last week’s 40-country climate summit, The Australian Financial Review highlighted a shift by the Biden administration to considering a so-called carbon border adjustment scheme after only a month earlier indicating it was a “last resort”.

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Matthew Cranston was The Australian Financial Review’s United States correspondent. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com

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    Original URL: https://www.afr.com/link/follow-20180101-p57mec