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Opinion: China Should Beware of EU Dressing Up Trade Protectionism as a Carbon Border Tax

2021年08月10日 18:51 来源于 财新网
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Revenue from developed countries’ carbon tariffs should be used to support low-carbon development of developing countries
If developed countries’ carbon border tax is only intended to protect the competitiveness of their domestic companies, the practice is little more than disguised trade protectionism. Photo: VCG

On July 14, the EU put forward a carbon border adjustment mechanism (CBAM) as an important supplement to its emissions trading scheme. In my view, proceeds from such mechanisms proposed by developed economies must be used to help reduce carbon emissions in developing countries. Otherwise, it is just disguised trade protectionism, and China should cope with it with a forward-looking perspective.

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