Climate Monthly: Climate policy falls down the agenda

The recent scrapping of the carbon tax in Canada shows that the political pushback against climate policy is certainly not just confined to the United States. But to paraphrase Mark Twain, rumours of the death of climate policy are greatly exaggerated; indeed, while the price of carbon in China remains relatively low compared to the EU, the planned expansion of China’s carbon pricing scheme shows a willingness to apply the polluter-pays principle to a greater share of the economy.