🚨 TURNER CALLS FOR CHINA-EU CARBON CLUB Adair Turner said China and Europe should jointly introduce a system like the Carbon Border Adjustment Mechanism. CBAM is described as a levy on carbon-intensive imports to account for carbon costs faced by domestic producers. He said he would love China to say, “We want to join with Europe in a climate club”. Source: South China Morning Post #China #Europe #carbonpricing #bordertax #energytransition
