China’s environment ministry slammed the European Union’s proposed carbon border tax, saying Monday that the policy unnecessarily creates climate-related trade friction.The statements are the first official comments from China on the adoption of a Carbon Border Adjustment Mechanism proposal by the European Commission on July 14. Making the policymeet World Trade Organization rules is a key design issue.The CBAM “violates WTO rules, impacts the free and open multilateral trading system, and seriously damages the mutual trust of the international community and the prospects foreconomic growth,” Liu Youbin, spokesman for the Ministry of Ecology and Environment, said of the proposed EU policy.All the measure would do is “help encourage unilateralism and protectionism, which severely damages various parties’ motivation and capability to tackle climate change,” Liu said at apress conference in Beijing.
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