Wednesday, November 28, 2007

Sarkozy warns China of carbon tariffs

From the Financial Times:

Nicolas Sarkozy, the French president, on Tuesday warned China that the European Union could penalise cheap imports from high carbon-emitting countries in order to defend EU companies obliged to meet strict environmental standards.

...“We cannot have one response from Europe and one from Asia, one from the north and one from the south,” he said. “China can and must play its full part.”

But he said the EU, which regards itself as the world’s pace-setter in fighting climate change, would not indefinitely let its companies bear the brunt of this campaign if countries that mass-produced cheaper goods delayed adopting similar standards....MORE