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EU warns China to price carbon or face tax

Mehreen Khan and Gideon Rachman

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Davos, Switzerland | Ursula von der Leyen has warned China and other large fossil fuel producers to find a way to price carbon at home or risk being hit by the EU with a planned CO2 tax on imports.

Speaking at the World Economic Forum in Davos on Wednesday (Thursday AEST), the president of the European Commission laid out Brussels’ plan to set up a carbon border adjustment mechanism that would hit importers from countries that do not respect international climate goals.

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Financial Times

Gideon Rachman is chief foreign affairs columnist for the Financial Times. His particular interests include American foreign policy, the European Union and globalisation.

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