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France urges common U.S.-EU green finance rules after Kerry talks
(Reuters, 10 Mar 2021) France urges Europe and the United States to agree on common green finance rules after talks with Climate Envoy John Kerry.
Europe and the United States should agree on common rules to determine how "green" a financial investment is, France's finance minister said on Wednesday, after talks with U.S. President Joe Biden's climate envoy John Kerry.
Finance Minister Bruno Le Maire said it was also important to launch discussions with Washington on carbon border tax adjustments.
"I proposed to (Special Envoy) John Kerry that Europe and the United States have an identical taxonomy," Le Maire told a news conference. "It would be a shame if at the end of the day we had two sets of rules in Europe and the United States."
"That would be a source of considerable confusion between our two continents."
Asked to respond to the separate suggestion of a carbon border adjustment tax, Kerry said Washington was aware that a number of countries were investigating such a tool.
Such a tax essentially consists of import fees levied by carbon-taxing countries on goods manufactured in non-carbon-taxing countries.
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Reuters, 10 Mar 2021: France urges common U.S.-EU green finance rules after Kerry talks
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