https://www.bloomberg.com/authors/AB-7aRa_NXw/edward-halstead RSS for Node Mon, 18 May 2026 07:14:21 GMT https://www.bloomberg.com/view/articles/2017-04-05/to-shrink-the-trade-deficit-with-china-tax-carbon https://www.bloomberg.com/view/articles/2017-04-05/to-shrink-the-trade-deficit-with-china-tax-carbon Wed, 05 Apr 2017 11:30:07 GMT SHANXI, CHINA -NOVEMBER 26: (CHINA, HONG KONG, MACAU, TAIWAN OUT) Smoke billows from stacks as Chinese men pull a tricycle in a neighborhood next to a coal fired power plant on November 26, 2015 in Shanxi, China. A history of heavy dependence on burning coal for energy has made China the source of nearly a third of the world's total carbon dioxide (CO2) emissions, the toxic pollutants widely cited by scientists and environmentalists as the primary cause of global warming. China's government has publicly set 2030 as a deadline to reach the country's emissions peak, and data suggest the country's coal consumption is already in decline. The governments of more than 190 countries are expected to sign an agreement in Paris to set targets on reducing carbon emissions in an attempt to forge a new global agreement on climate change. (Photo by Kevin Frayer/Getty Images)