The EU is serious about decarbonization. Over the next twelve months, Brussels will finalize a massive energy and climate package, “Fit for 55,” that aims to accelerate progress towards net zero carbon emissions over the next decade. It is the EU’s most ambitious green effort yet. Though it will apply only within the bloc, its consequences will be felt globally — and, of the world’s major economies, China has the most to lose.
At the heart of the proposals is carbon pricing. T
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