Blumenauer: Carbon Tax Will Be 'Very Difficult' To Have In The US
Summary
TLDRDuring a press conference, Julia Rana inquires about the proposed $20 carbon tax bill and the goal of mobilizing $100 billion for climate finance. The response highlights the challenges of implementing a carbon tax in the current U.S. political climate but mentions alternative measures like a carbon border adjustment. The U.S. plans to double its annual public climate finance to developing countries by 2024, as announced by President Biden. Efforts include enhancing technical assistance, aligning support with country needs, and prioritizing climate in public investments. There's also a commitment to rebuild international climate commitments after the U.S. withdrawal from the Paris Agreement.
Takeaways
- 📢 The proposed carbon tax bill is facing challenges in the short term due to the current Senate dynamics.
- 🌍 Alternatives to a carbon tax are being considered, such as a carbon border adjustment, which is gaining attention.
- 🤝 Conversations with the European Union are ongoing regarding carbon border adjustments.
- 📈 President Biden announced an intent to double annual public climate finance to developing countries by 2024.
- 🏛️ US agencies are working to prioritize climate in public investments and provide technical assistance.
- 🌱 The US Agency for International Development (USAID) is set to release a new climate change strategy.
- 💼 The US International Development Finance Corporation will update its strategy to prioritize climate investments.
- 🌎 Efforts are being made to rebuild trust and commitments to the international community after the US withdrawal from the Paris Agreement.
- 💡 There is a political will and commitment to reach the goal of $100 billion in climate finance, despite current unawareness of a carbon tax deal.
- 🔄 The focus is on building back better in terms of clean energy and international climate commitments.
Q & A
What was the first question asked by Julia Rana during the press conference?
-The first question asked by Julia Rana was about the proposed bill regarding a $20 carbon tax. She requested more details about the bill and inquired about the optimism for its approval.
What was the second question posed by Julia Rana?
-The second question was about the expectation of hearing from former President Obama regarding a $100 billion goal for climate finance, and what actions are being taken to push forward to complete this goal.
What is a carbon border adjustment and how does it relate to the discussion?
-A carbon border adjustment is a policy tool that is gaining attention as an alternative to a carbon tax. It is a tariff on imported goods based on the carbon emissions associated with their production. It was mentioned as a potential mechanism to address carbon emissions in the absence of a carbon tax.
What is the short-term outlook for a carbon fee or carbon tax in the United States according to the transcript?
-The short-term outlook for a carbon fee or carbon tax in the United States is not optimistic due to the current dynamics in the Senate, making it unlikely to happen.
What is the long-term perspective on carbon pricing mechanisms as discussed?
-The long-term perspective includes the potential implementation of a carbon tax and other mechanisms like the carbon border adjustment.
What was President Biden's announcement regarding international climate finance?
-President Biden announced the US International Climate Finance Plan during the Leader Summit in April, which includes the intent to double the annual public climate finance to developing countries by 2024.
How does the US Agency for International Development (USAID) plan to address climate change?
-USAID plans to release a new climate change strategy, prioritizing climate in public investments, enhancing technical assistance, and aligning support with country needs and priorities.
What is the role of the US International Development Finance Corporation in climate finance?
-The US International Development Finance Corporation will update its development strategy to include climate for the first time and make investments in climate mitigation and adaptation a top priority.
What is the commitment of the United States to the international community regarding climate goals?
-The United States is committed to building back better in clean energy and keeping its commitments to the international community by supporting international climate goals.
What does the phrase 'building back better' signify in the context of the transcript?
-The phrase 'building back better' signifies the commitment to not only recover from the previous administration's withdrawal from the Paris climate agreement but also to enhance and exceed previous commitments to international climate goals.
What is the stance of the speaker on the possibility of a carbon tax being implemented?
-The speaker is unaware of any current deal on a carbon tax but acknowledges that it is a topic of discussion and could be an option for the future.
Outlines
🌿 Carbon Tax Proposal and International Climate Financing
Julia Rana, a reporter from Chile, asks about the proposed carbon tax bill and seeks details on the $20 carbon tax. She also inquires about the progress towards the goal of mobilizing $100 billion for climate finance, previously mentioned by former President Obama and President Biden. The response indicates that a carbon tax is not imminent due to current Senate dynamics but other mechanisms like carbon border adjustments are being considered. The US is working to double annual public climate finance to developing countries by 2024, compared to the second half of the Obama-Biden administration. Efforts include prioritizing climate in public investments, enhancing technical assistance, and aligning support with country needs. USAID will release a new climate change strategy, and the US International Development Finance Corporation will update its strategy to prioritize climate mitigation and adaptation investments.
Mindmap
Keywords
💡Carbon Tax
💡Press Conference
💡South America
💡Climate Financing
💡Carbon Border Adjustment
💡European Union
💡Paris Climate Agreement
💡USAID
💡US International Development Finance Corporation
💡Adaptation and Resilience
💡Moral Responsibility
Highlights
Julia Rana from Chile asks about the proposed $20 carbon tax bill and its details.
The speaker acknowledges the difficulty of implementing a carbon tax in the short term in the United States.
Carbon border adjustment is gaining attention as an alternative to carbon tax.
The European Union is moving forward with carbon border adjustments.
Long-term implementation of carbon tax is expected despite current challenges.
President Biden announced the U.S. International Climate Finance Plan during the Leader Summit in April.
The plan includes doubling annual public climate finance to developing countries by 2024.
US agencies will work with development partners to prioritize climate in public investments.
USAID will release a new climate change strategy imminently at the COP.
US International Development Finance Corporation will update its strategy to prioritize climate investments.
The U.S. is building back better in clean energy and international climate commitments.
The previous administration had taken the U.S. out of the Paris climate agreement and previous commitments.
There is a political will to reach a goal of a hundred billion dollars for climate financing.
The speaker is unaware of any deal on carbon tax but acknowledges it as a possible future option.
Legislation is focused on making everyone pay for climate change mitigation and adaptation.
Transcripts
Got him.
Thank you very much. Uh thank
you for this press conference.
My name is Julia Rana. I'm from
South America from Chile. I
have two questions. The first
one is can you give me more
details about this proposed
bill about a carbon tax $20
carbon tax you may propose what
I need some more details and
how optimistic you are to prove
this proposed bill and the
second question is we will
expect him to hear in former
president Obama. Son mentioned
about hundred billion goal for
finance. Uh we didn't hurt. We
also didn't hurt in actual
President Biden and can you
tell us what are you doing to
push forward to complete this
goal. Thank you very much. I
think I'll ask mister
Blumentauer to address the the
first pardon that I can address
the the climate financing. Uh
in the short term, it's
going to be very difficult to
have a carbon fee or carbon tax
in the United States. We
continue to have that on the
table. We're looking at other
areas. For example, a carbon
border adjustment which is
gaining more attention and
momentum. We've had
conversations with our friends
in the European Union who are
moving forward. There are
alternate ways to be able to do
that. In the short term,
because of the dynamic we're
facing the senate, that's not
going to happen. In the long
term, it will and there are
these other mechanisms like the
carbon border adjustment that
we can seed with. And on the
International climate
financing, President Biden
announced in the US
International Climate Finance
Plan during the Leader Summit
in April. Uh this includes the
administration's intent to
double by twenty twenty-four
the annual public climate
finance to developing countries
relative to the average level
during the second half of the
Obama Biden administration. So,
what we'd like to do, have US
agencies working with
development partners,
prioritizing climate, in public
investments, enhanced technical
assistance, and long-term
capacity, aligned support with
country needs and priorities
and boost investments in
adaptation and resilience. The
US Agency for International
Development USAID will release
a new climate change strategy.
Uh they've, we're, that's
imminent here at the COP and
US, the US International
Development Finance Corporation
will update its development
strategy to not only include
climate for the first time but
also make investments in
climate mitigation and
adaptation, a top priority.
What what you're seeing here is
building back after the
previous administration had
taken us out of the Paris
climate agreement but also took
us out of our commitments that
we've made under previous
administrations to support
international climate goals.
So, we are we're building back
better in the congress of on
clean energy but we also have a
responsibility to build back
better when it comes to keeping
our commitments to the
international community and we
intend to do that. Um with
President Biden. Madam chair if
I may on the mister I spell
that you go first.
para llegar a los mil millones
de de dólares pero hay un
compromiso y una voluntad
política para llegar ahí.
Ready to come to the floor to
address our responsibilities
for sharing resources,
financial, technological, and
so many ways to help other
countries. That is our moral
responsibility to do so. Uh I'm
completely unaware of any deal
on of carbon tax but I do know
that is something that is
talked about and maybe a a an
option for the future. It is
not in our legislation now. Our
legislation is predicated on
making everyone pay
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