Wolff: U.S., EU should talk carbon border measures bilaterally and at WTO

The U.S. and European Union will have to discuss the contours of a carbon border adjustment mechanism both bilaterally and multilaterally at the World Trade Organization, former WTO Deputy Director-General Alan Wolff said on Thursday, arguing a clash over climate-related trade measures is coming in Geneva unless members begin “focused and constructive discussions” on how to ensure WTO rules are not an impediment to climate ambitions. Wolff’s remarks , delivered during a Peterson Institute for International Economics webinar , come...