Following a recent meeting in Canada, President Biden and Prime Minister Justin Trudeau issued a joint statement pledging the following actions to further boost bilateral cooperation on green trade-related issues.
- addressing the climate impact of goods and promoting North American trade of low-emission goods (including green steel and aluminum), including through common approaches for such trade
- establishing a strong, environmentally responsible, and resilient North American critical minerals supply chain, including identifying, securing, and developing critical minerals extraction, processing, manufacturing, and recycling opportunities in both countries to diversify supply chains essential to clean energy, electric vehicles, semiconductors, aerospace, and defense
- creating a new, one-year Energy Transformation Task Force that will accelerate cooperation on critical clean energy opportunities and supply chains, including securing and strengthening renewable energy and electric vehicle supply chains, critical minerals and rare earths, grid integration and resilience, advanced and conventional nuclear energy and other areas that advance collective energy security, and avoiding and reducing disruptions to integrated supply chains
- working with other major energy importers and exporters to develop an internationally-aligned approach to measurement, monitoring, reporting, and verification for lifecycle methane and CO2 emissions across the fossil energy value chain
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