Carbon Border Adjustment: New Charges on High-Emission Goods and Imports.
This law introduces a new charge on domestically produced and imported industrial goods (like steel, cement, and certain chemicals) if their carbon emissions intensity exceeds the national average benchmark. The goal is to incentivize companies to reduce pollution and ensure fair competition for US manufacturers investing in cleaner technology. A significant portion of the revenue will fund grants for industrial modernization.
Key points
A new fee is imposed on companies producing or importing goods whose CO2 emissions per unit exceed the national industry average (e.g., petroleum extraction, aluminum, cement production).
The charge applies to imports, including finished products (starting 2027), potentially affecting the cost of consumer goods made with carbon-intensive components.
75% of the revenue will fund a grant program to help domestic factories invest in cleaner technology, prioritizing economically distressed communities.
Companies exporting goods that have paid this charge will be eligible for a refund, protecting their competitiveness in foreign markets.
Expired
Citizen Poll