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10 May 2021

Fear of climate change rust belt has governments considering carbon border levy

Author: admintech | Filed under: Finance/ Money
USA-ELECTION/RUSTBELT

The federal budget shows Canada is backing a European push for a price on carbon across borders. It’s prompted, in part, by fear of a Rust Belt repeat. Then, industries hollowed out in rich countries as manufacturing chased cheaper labour; this time, the draw would be from countries with climate regulations to those without.