Business group ruffles feathers with GOP after key policy recommendation
Republicans are warning the Business Roundtable that the group could find itself in hot water with the GOP after it recently called for the creation of a carbon pricing system, a proposal experts have said could help cut planet-warming emissions.
Earlier this week, the business group released a list of policy recommendations to counter rising energy costs, spanning proposals aimed at reducing overall energy demand, upping the nations production and export of oil, and accelerating the clean energy transition.
More specifically, the group also called for the establishment of a price on carbon that provides a clear long-term signal and incentivizes the development and deployment of technologies to lower emissions, and lead on international efforts to align potential cross-border carbon measures.
Business Roundtable supports a market-based emissions reduction strategy that includes a price on carbon where it is environmentally and economically effective and administratively feasible, but it does not endorse any specific market-based mechanism, the group also said.
https://www.msn.com/en-us/news/politics/business-group-ruffles-feathers-with-gop-after-key-policy-recommendation/ar-AAWsiuD