President Joe Biden’s pledge to revive talks among the world’s biggest emitting nations has raised concern among some key U.S. industries that they could be on the losing end of any effort to set sector-specific limits on carbon emissions.
Reconvening the Major Economies Forum—which the Bush and Obama administrations used in part to push nations to reach a United Nations climate deal in 2015—was tucked into a climate change executive order that Biden issued in January after reversing President Donald Trump’s withdrawal from the Paris climate accord.
Some in the U.S. steel and cement industries, while welcoming the U.S. return ...
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