Posted on 28/03/08
Carbon tariff may bring firms home
CALGARY -- Imposing carbon tariffs on emerging economies with low manufacturing costs and high greenhouse gas emissions could drive some manufacturers back to Western countries, according to two economists.Jeff Rubin, chief strategist and economist at CIBC World Markets, thinks such tariffs could emerge quickly. Countries in Europe are already becoming publicly intolerant of emissions elsewhere and the next president of the United States is expected to institute a cap on greenhouse gas emissions alongside the trading of carbon credits.
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