Reducing carbon emissions seems to be on the top of everybody’s agenda at the moment. A recent post in The New York Times reports on proposals being discussed in the European Union to drive the region’s pivot away from fossil fuels over the next nine years. Tariffs for exporters with weaker carbon emissions regulations According to the report, the most radical and possibly contentious proposal would impose tariffs on certain imports from countries with less-stringent climate protection rules. The proposals would also include eliminating the sales of new petrol- and diesel-powered cars in just 14 years. They also call for a 55% reduction in greenhouse gas emissions by 2030 (compared with 1990 levels). According to The New York Times, at the heart of the European road map is increased prices for carbon. Nearly every sector of the economy would have to pay a price for the emissions it produces. […]