OIES Podcast – Can the EU’s carbon border adjustment mechanism accelerate progress on China’s emissions trading system?
In this latest OIES podcast, Michal Meidan talks to Yan Qin about Europe’s proposed carbon border adjustment mechanism (CBAM) and its implications for China. Michal and Yan discuss the next steps for CBAM as well as the response in China: the official rhetoric as well as the response from Chinese industry. Even though the near term impact is limited, Yan argues that Chinese industrial stakeholders are growing increasingly worried about their competitiveness in Europe. Even though there are still many open questions about CBAM’s implementation, when extended to other sectors, it will become more meaningful for Chinese industries. But can China accelerate the roll out of its domestic emissions trading system or are the domestic constraints limiting progress?