The U.S. was one of nine countries critical of the European Union last year when it unveiled a plan to tax imports based on their carbon footprint, but that was under the Trump administration. Now the Biden administration is signaling a stronger kinship to the EU’s push to reduce greenhouse gas emissions on an international scale.
Some of the most vocal criticisms of the U.S.-Mexico-Canada Agreement was that it did not include provisions to address climate change. It’s a view that U.S. Trade Representative Katherine Tai said Thursday that she shares and went on to provide rationale for making environmental protection a much bigger factor in future of trade policy.
President-elect Joe Biden’s commitment to addressing climate change and the food and ag industry’s progress in coalescing on ag carbon proposals are increasing the chances that farmers could see new income streams developing through private markets and USDA programs.
A new Canadian policy could be a major boon for U.S. corn farmers and ethanol producers, creating new demand and market access north of the U.S. border, but only if the Canadian government can be convinced to change a couple of key provisions.
The Syngenta Group announced Monday the launch of its Good Growth Plan, a $2 billion effort to fight climate change and biodiversity loss by bringing two technological breakthroughs to market each year.