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Why China should fear the EU's carbon border tax

Expect Beijing to soon start lobbying against the proposal

| China
China remains the world's larger greenhouse gas emitter, with 27% of total carbon emissions globally. Coal still supplies more than 70% of China's electricity needs.   © Reuters

Alicia Garcia-Herrero is Asia-Pacific chief economist at Natixis and a senior research fellow at Bruegel, a Brussels-based think tank.

The COVID pandemic has certainly not slowed down Europe's quest to save the planet from global warming.

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