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China, Europe urged to unite on carbon pricing and border tax

By PulseAugur Editorial · [1 sources] ·

Adair Turner, co-chair of the Energy Transitions Commission, has proposed that China and Europe collaborate on carbon pricing and border taxes. He suggests they jointly implement a system similar to the Carbon Border Adjustment Mechanism (CBAM) to address carbon costs for imports. Turner advocates for both regions to establish sufficiently high carbon prices to encourage decarbonization in heavy industries, especially as the US reportedly withdraws from international climate commitments. AI

RANK_REASON Expert opinion piece discussing policy coordination between China and Europe on climate change.

Read on SCMP — Tech →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

China, Europe urged to unite on carbon pricing and border tax

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Expert opinion piece discussing policy coordination between China and Europe on climate change.
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COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Sylvia Ma ·

    China, Europe should coordinate on carbon pricing, border tax: energy transition expert

    China and Europe should jointly introduce a system like the Carbon Border Adjustment Mechanism (CBAM), a levy on carbon-intensive imports designed to account for the carbon costs domestic producers face, which “applies against the rest of the world,” the co-chair of a global ener…

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