The "big bubble" behind carbon tariffs

When environmental protection becomes a religious belief, it's hard to say whether America's environmental policies are more economic or religious. U.S. Energy Secretary Steven Chu March 17 proposed a levy on carbon tariffs.　　Mr Chu, at the House Science Group meeting, said that if other countries did not impose a reduction in greenhouse gas emissions, the carbon tariffs that President Obama plans to introduce in the next few years would help create a competitive platform. In fact, this is the continuation of the new democratic government in the party's environmental policy.　　Compared with the Republican Party, the Democrats emphasise fairness rather than efficiency. The Clinton-era vice President Al Gore won the Nobel Peace Prize for his contribution to environmental protection in 2007. During his tenure at the White House, he actively promoted Clinton's signing of the Kyoto Protocol.　　After his departure, Gore still travelled the idea of environmental protection, and he has invested and participated in filming the documentary "The Inconvenient Truth", which unexpectedly gained high box-office and favorable reviews.　　Li, director of the finance department at Tsinghua University School of Economics and Tsinghua University China and the World Economic Research Center, after attending the Davos forum in early March, regrets that the environmental movement has escalated into environmentalism and has a tendency to become environmentally-friendly. "Whether global warming is the result of human activity or the great cycle of the Earth's own climate, this serious scientific problem is not yet clear, but the issue seems to have been debated and the campaign to combat climate change has risen to climate change, ideologically and even religiously, The antagonism of climate-change advocates to other camps has been comparable to the opposition between the socialist and capitalist camps of the last century.　　"said Li.　　In fact, most congressional Democrats and Republicans in the United States have said they will not ratify a climate bill, which, unless it includes carbon tariffs and essentially union support, has failed to pass the Senate's 2008 bill. It is not surprising that Chu is proposing carbon tariffs in this context.　　The side effects of the proposal could spark a trade war, making the world's economy more vulnerable. On the other hand, Mr Chu's proposals are undoubtedly part of the Obama administration's economic policy.　　Looking back at the history of successive U.S. administrations, it can be seen that in the presidency of the Democratic Party, the United States will be more technology-driven economic development, while the Republican Party is the main measures such as tax cuts.　　As a result of this economic policy, the Internet has become one of the largest economic bubbles in the United States and even in the history of the world, and the Internet has not only profoundly changed the human way of life, but has also created a large number of rich people, including internet entrepreneurs and investors. Behind the carbon tariffs is the "big bubble" of new energy, which is likely to become a new engine of economic growth in the coming years, like the Internet in the Clinton administration.　　As Steven Chu points out, the imposition of carbon tariffs will help create a competitive platform to create better development opportunities for America's new energy industry. For China, there are two points of concern: oneIt is the recessive barrier that the tariff policy brings, whether it is to China macro-economy or enterprise will have great influence. If the carbon tariffs pass, then China's exports to the United States of steel products, electrolytic aluminum, electrolytic copper and other products will be greatly affected. The other is domestic carbon trading. "China needs to establish a unified carbon trading market as soon as possible to form a pricing mechanism," said Lin Hao, general manager of medium and large futures, familiar with finance and industry.