“The Carbon Border Adjustment Mechanism (CBAM) is essentially a unilateral measure to extend the climate change issue to the trade sector. It violates the principles of the World Trade Organization (WTO) (...) and undermines mutual trust in the global community and prospects for economic growth”, according to the spokesperson for the Chinese Ministry of Ecology and Environment, Liu Youbin. He spoke out against the European Commission’s proposal to the press on Monday 26 July.
With...