After a two-week hiatus, the European Parliament finally passed the revised Carbon Border Adjustment Mechanism (CBAM). Consequently, China further loses its price advantage in exporting carbon-intensive products to Europe, a second blow to the country’s exports after 32 nations stopped preferential tariff treatment at the end of 2021. CBAM aims at ensuring an equivalent carbon…
China Further Loses Price Advantage as EU Votes to Impose a Carbon Tax
China Increases Coal Production Amid Global Energy Shortage, Moves Carbon Reduction Plans Further to the Future
Sanctions placed on Russia, by many of the world governments for invading Ukraine, have aggravated global energy supplies, and forced many countries to revert to other sources of energy, including coal, that the West has tried to move away from because of concerns about high carbon dioxide emissions. China is also taking the opportunity to…
China to Build International Carbon Emissions Trading Platforms Under Administrative Intervention
After operating a national-level carbon emissions trading platform for two months, the Chinese Communist Party (CCP) is attempting to set up an international platform, targeting foreign investors, to underpin a trillion-dollar carbon emissions permit exchange in two southern economic zones—Guangdong-Hong Kong-Macau Greater Bay Area and Hainan Free Trade Zone. However, the national platform has failed to function effectively…
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