Yes, because global manufacturing increased, and many countries outsource their manufacturing to China. That doesn’t mean they get to outsource their part in the blame.
Would you like China to shut down outsourced manufacturing facilities? Is that the expectation?
The EU actually has a pretty good plan to deal with that. It is called CBAM, a carbon tariff for high energy goods imported by the EU. The tariff is as high as the carbon price, which would be paid in the EU minus the carbon price in the country exporting. So smart policy as it insentivises other countries to create their own carbon price.
Also in general it is best to blaim the entity, which has the easiest time to fix it. Countries pass their own laws and then enforce them. That is why we mainly look at production based emissions. In other words, if China can not produce its exports cleanly, then I expect them to shut down those factories.
Yes, because global manufacturing increased, and many countries outsource their manufacturing to China. That doesn’t mean they get to outsource their part in the blame.
Would you like China to shut down outsourced manufacturing facilities? Is that the expectation?
The EU actually has a pretty good plan to deal with that. It is called CBAM, a carbon tariff for high energy goods imported by the EU. The tariff is as high as the carbon price, which would be paid in the EU minus the carbon price in the country exporting. So smart policy as it insentivises other countries to create their own carbon price.
Last COP China made it their prime objective to destroy the idea of such systems.
Also in general it is best to blaim the entity, which has the easiest time to fix it. Countries pass their own laws and then enforce them. That is why we mainly look at production based emissions. In other words, if China can not produce its exports cleanly, then I expect them to shut down those factories.
Carbon credits are a hoax created by the oil lobby. If markets could solve climate change, they would’ve already done so.