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Chinese experts argue the EU's carbon tax plan will affect the development of emerging economies. They also expect the move will have a major impact on Chinese exports.
Xing Lu, Engineer of State Grid Energy Research Institute said "The plan will cap China and other new emerging economies' development in the future, making it difficult to go beyond that. To some degree, that protects the EU's market share and relatively strong competitiveness on the global aviation scene."
Chinese experts also say, the plan will force airlines operating in the region to purchase the EU's low carbon technology and clean energy products. They also expect the carbon tax to have an impact on China's exports.
A third of China's export value is delivered through air transport, including a large portion of industrial products. Experts are concerned the tax will push up costs on China's exports of these products.