It looks like the EU and its political position against climate change, could become critical in holding other major trading centers to account, including China. Usually that role would be reserved for the US President, but at present that’s not possible. At the Davos World Economic Forum this week, the President of the European Commission, Ursula von der Leyen, told China to price carbon or face massive European import duties. The same threat is a veiled one to both the USA and India as well, and if the Commission gets its way, a global price on carbon will accelerate renewables into parity with fossil fuels, and halt coal and gas plant rollouts stone dead. The idea is straightforward and is…