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EU to blunt China's edge on steel, aluminium exports as proposed carbon tax could reach 21%: Goldman

Under the EU Carbon Border Adjustment Mechanism a tax of 6 per cent will be levied on steel in 2026, which will rise to as much as 21 per cent in 2034, Goldman estimates. It is part of the EUโ€™s plan to level the field for domestic producers.
Environmental Policy Research Institute Of Technology Center Trading Scheme Citic Pacific Special Steel Nanshan Aluminium Dingsheng New Materials
Source: scmp.com

Chinese firms share green experience at Davos Forum, as nation plays its role as a major contributor to world energy transition

From the APEC 2023 to the COP28 UN Climate Change Conference and the ongoing World Economic Forum (WEF) in Switzerland, Chinese firms have been earnestly introducing the green experience to the world, as the worlds second-largest economy has been playing its role as a major contributor to the global energy transition with strong investment in recent years.
Al Kharsaah Ar Rayyan North Eastern Switzerland General Zeng Yuqun Zhang Shaogang

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