In this White Paper, we argue that a first step to reconciling the climate and trade regimes is to ensure that the prices of internationally traded products reflect the climate-related harm of producing and consuming these goods and we analyze possible ways to achieve this. In particular, we analyze the possibility of adopting BCA mechanisms on imports to price GHG emissions from international trade. In essence, BCA mechanisms apply a charge on the GHG emissions embedded in — i.e., released in the production and (sometimes) the consumption of — imported products. This charge aims to level the playing field between domestic producers and their competitors in low-standard jurisdictions, thereby reducing GHG leakage risks.