fee adjustment. Sec. 9910. Allocation of carbon border fee adjustment revenues. 9908. Carbon border fee adjustment (a) In general The fees imposed by, and refunds allowed under, this section shall be referred to as the carbon border fee adjustment . (b) Purpose The purpose of the carbon border fee adjustment is to protect animal, plant, and human life and health, to conserve exhaustible natural resources by preventing carbon leakage, and to facilitate the creation of international agreements. (c) Imported covered fuels fee In the case of any person that imports into the United States any covered fuel, there shall be imposed a fee equal to the excess (if any) of— (1) an amount equal to— (A) the amount of full fuel cycle greenhouse gas emissions of such fuel, multiplied by (B) the carbon fee rate in effect for the year in which such fuel is imported, over (2) the total foreign cost of carbon carried by such fuel. (d) Imported carbon-intensive products fee In the case of any person that imports into the United States any carbon-intensive products, there shall be imposed a fee equal to the excess (if any) of— (1) an amount equal to— (A) production greenhouse gas emissions of such product, multiplied by (B) the carbon fee rate in effect for the year in which the production greenhouse gas emissions of such product were emitted into the atmosphere, over (2) the total foreign cost of carbon carried by such product. (e) Refund on exports from United States (1) Carbon-intensive products Under regulations prescribed by the Secretary, there shall be allowed a credit or refund (without interest) to exporters of carbon-intensive products manufactured or produced in the United States an amount equal to the excess (if any) of— (A) an amount equal to— (i) the production greenhouse gas emissions of the exported carbon-intensive product, multiplied by (ii) the carbon fee rate during the year in which the carbon fee or fluorinated greenhouse gas fee was paid upon the production greenhouse gas emissions of the exported