EU Warns China to Price Carbon or Face Tax on Trade, FT Says

Ursula von der Leyen warned China and other fossil fuel producers to put a price on carbon emissions at home or risk being hit with a planned greenhouse gas tax on products imported into the EU, the Financial Times reported.

• Speaking at the World Economic Forum in Davos Wednesday, the president of the European Commission outlined the EU’s plan to set up a carbon border adjustment policy that would hit importers from countries that do not respect international climate goals: newspaper
• The initiative is a central part of the commission’s European Green Deal and is designed to protect European businesses ...