One possible solution is governments introducing a higher tariff on China scaling with the carbon emissions output by them, this might hardly hit them considering how cheap labour is in China, if it costs more to do business in China than it does to do business in Europe then perhaps we'd see some industries being retained or infact returning
Well that seems to be a good solution. It would also probably make Chinese companies think about their carbon emissions too. I'm not so sure with politics so I can't suggest more. Lol Nice question and suggestion though. Thanks! 🙂
I do want that but we can't subject ourselves to the CCP
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A recent thing that has gained attention is also simply the concept of a climate club.Basically, nations would then simply restrict trade from nations that have far less strict environmental regulation. Imagine moving to India for less strict regulation, but then you can barely export to your main consumers anymore.That’s still a hypothetical but it seems it could be plausible in the future
That last comment ties in well with a recent trend in bilateral investment agreements, which nowadays sometimes have requirements about pollution. By far most foreign direct investment flows from wealthier Western nations towards Asian nations. If that would be restricted (these investment agreements are drafted by governments) in the form of environmental rules, it may also simply be really difficult to move abroad.
I love China because it is my people.