Stanley Johnson & Liam Fox: A carbon border tax is the best way to ensure a global approach to climate change. Boris Johnson must push the G7 to adopt such tariffs if we are to ensure free riders cannot undermine international efforts. The world has signally failed to fulfil the promise made in Paris of $100 billion (£71 billion) a year to enable developing countries make the necessary transitions. Yet we believe that the G7 summit can recapture the “spirit of Paris” and set the stage for an even more successful meeting in Glasgow, at COP26, in November. To do so, it must begin by accepting that global problems require global solutions. The way forward out of the current impasse is for the G7 leaders to make a clear and unambiguous statement in favour of carbon border tariffs (CBTs).
Telegraph 6th June 2021 read more »