Business Roundtable to endorse market-based climate policy

A person with knowledge of the organization’s plans said Business Roundtable will frame its position as the “best way to address climate change while also delivering long-term economic, environmental and social benefits” through policies that begin with “a well-designed market-based mechanism, which includes a price on carbon across most of the U.S. economy.”

Business Roundtable spokesperson Rayna Farrell said in an email that “multiple versions of a climate policy, which we’ve been working on for the past year, have been circulating. We do have an announcement coming [Wednesday] but it is under embargo until 10am ET.”

The idea of a price on carbon has floated around Congress for several years but hasn’t picked up momentum. Elected Republicans have shunned it. Many progressive Democrats also have turned away from the policy, viewing the price needed to sufficiently reduce emissions to avoid baking in the worst effects of climate change as politically

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