China's Carbon Price Misalignment and EU's Concerns over China's Coal Industry Expansion

A Chinese climate official stated that it is impossible to ask China to set the same carbon price as the EU due to different development conditions and emission goals. The official criticized the EU's proposed carbon tariff as "unscientific, irrational, and unfair." China's carbon market, with a price of around $7.72 per ton of CO2, is seen as reasonable given the country's acceptance of emission reduction costs. The official also criticized the EU's Carbon Border Adjustment Mechanism (CBAM) as not aligned with China's carbon market goals and highlighted the shortcomings of the EU's own carbon market. China opposes any trade or technological barriers established in the name of climate change.