It is now impossible to ask China to set the same carbon price as the EU, as the two sides' carbon prices were set under different development conditions and emission goals, said a Chinese climate official, who also criticized EU's new carbon tariff as "unscientific, irrational and unfair."
"A carbon price is determined by many factors, including the cost of reducing emission, which largely includes labor costs. The per capita income gap between China and the EU, as well as the difference in carbon prices, reflect China's acceptance of its emission reduction costs and that China's carton price is reasonable," said Xu Huaqing, head of the National Center for Climate Change Strategy and International Cooperation, at the World Peace Forum on July 1.
