Bessent: Carbon Tariffs Could Be Part of an Overall Tariff Program
Published by Todd Bush on January 20, 2025
WASHINGTON (Reuters) - President-elect Donald Trump's pick for U.S. Treasury Secretary, Scott Bessent, told U.S. senators on Thursday he is interested in potentially enacting tariffs on carbon emissions.
"It’s a very interesting idea that could be part of an entire tariff program," Bessent told the Senate Finance Committee, "President Trump hasn't taken office yet, but if confirmed, I look forward to working with them on various strategies, some that could be specifically aimed for carbon.
Bessent said other tariffs could be aimed at other trade practices.
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
Vema Hydrogen to Produce Clean Hydrogen Below $1 per Kilogram
Inside This Issue 💧 Vema Hydrogen Secures $13 Million to Produce Clean Hydrogen Below $1 per Kilogram 🏭 Air Liquide Could Pursue Just Two Out of Six Us Hydrogen Hubs After Trump Halts Funding 🪨 Sc...
-
Wood Operating Innovative Pilot Carbon Capture Plant in Wyoming
Inside This Issue 🏭 Wood Operating Innovative Pilot Carbon Capture Plant in Wyoming 🌍 Tiktok and Two Drifters Secure Carbon Removal for Long-term Economic Gains 🌬️ Hydron Energy Receives Funding S...
-
Tech Titans and Energy Giants Join Forces to Transform Voluntary Carbon Markets
Inside This Issue 🤝 Tech Titans and Energy Giants Join Forces to Transform Voluntary Carbon Markets 🌲 How Amazon Approaches Carbon Credits, a Key Tool in the Fight Against Climate Change 💰 Canada ...
Company Announcements
-
Air Liquide Could Pursue Just Two Out of Six Us Hydrogen Hubs After Trump Halts Funding
Feb 21 (Reuters) – France's Air Liquide said on Friday that only two out of their six previously awarded hydrogen projects for the U.S. Department of Energy (DoE) might move forward after President...
-
Pall Corporation and MTR Carbon Capture Partner to Advance Carbon Capture Solutions
This collaboration is designed to help customers accelerate their decarbonization goals Integrates Pall’s advanced flue gas filtration and coalescer technology with MTR’s Polaris™ membrane system ...
-
Vast Reserves of Game-changing Clean Fuel May Be Hidden Under Mountain Ranges, Scientists Find
Large reserves of white hydrogen may exist within mountain ranges, according to a new study, raising hopes this clean-burning gas can be extracted and supercharge efforts to tackle the climate cris...
-
Scientists Discover Low-cost Way to Trap Carbon Using Common Rocks
The new process uses heat to transform common minerals into materials that permanently sequester atmospheric carbon dioxide. Stanford Chemists Develop Low-Cost Process for Permanent CO2 Removal S...