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
-
How Duke Energy Just Made Hydrogen History
Inside This Issue 💧 Duke Energy Florida Unveils Nation's First System Capable Of Producing, Storing And Combusting 100% Green Hydrogen ✈️ Technip Energies’ Hummingbird Technology Powers LanzaJet’s...
-
The $9B Deal That Almost Didn't Happen
Inside This Issue 💰 The $9B Deal That Almost Didn't Happen ⚖️ IMO Rules Understate Benefits of Utilising Captured Carbon, Says GCMD 🌾 Corteva and bp Launch Biofuel Feedstock Joint Venture Etlas 🔬 ...
-
Nebraska's 3-Plant Ethanol CCS Gamble Pays Off Big
Inside This Issue 🌽 Nebraska's 3-Plant Ethanol CCS Gamble Pays Off Big 🧊 New Evaporative Crystallizer Design Accelerates Direct-Air Carbon Capture ✈️ From SAF to Solar: DHL’s Bold Steps Toward Net...
Company Announcements
-
Capstone Green Energy Holdings, Inc. (the "Company” or “Capstone”) (OTCQX: CGEH), together with its subsidiaries, a leading provider of clean technology solutions using ultra-low emission microturb...
-
Duke Energy Florida, a subsidiary of Duke Energy, unveiled its DeBary Hydrogen Production Storage System in Volusia County, marking the first demonstration project in the United States capable of u...
-
ESG Clean Energy, LLC ("ESG"), developers of Net Zero Carbon Footprints and clean energy solutions for distributed power generation, announced today it has signed a licensing deal with Viking Energ...
-
LanzaTech Achieves Guaranteed Performance At Japan MSW-To-Ethanol Plant
Collaborative pilot at Kuji facility showcases robust ethanol yields using LanzaTech’s fermentation technology Achieved ethanol yields exceeding guaranteed performance for over 14 consecutive d...