Climate Plans May Cut China Exports 20% - A study from the World Bank says U.S. and EU proposals to cut greenhouse-gas emissions could slam Chinese exporters

Business Week

(Bloomberg) — Proposals in the U.S. Congress and European Union to cut greenhouse-gas emissions might reduce exports of Chinese goods by 20 percent, a World Bank study said.

The exports would be reduced if the U.S. and EU enacted taxes on imports from countries that don't require curbs on carbon-dioxide emissions.

Senator Sherrod Brown of Ohio and Representative Sander Levin of Michigan, both Democrats, say any legislation in the U.S. to limit pollutants must include the so-called border measures to tax imports.

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Climate Plans May Cut China Exports 20% - A study from the World Bank says U.S. and EU proposals to cut greenhouse-gas emissions could slam Chinese exporters »