Tuesday, October 19, 2021
Home Middle Column China reconsiders carbon tax, citing Australia's planned repeal

China reconsiders carbon tax, citing Australia’s planned repeal

-

http://www.smh.com.au/business/carbon-economy/china-reconsiders-carbon-tax-citing-australias-planned-repeal-20140313-34nfp.html

China is reconsidering plans for a carbon tax as local air pollution trumps concerns over climate change and some rich nations back away from imposing a tax on greenhouse gas emissions, a top official said.

Premier Li Keqiang last week declared war on pollution, which is expected to speed up the process of turning China’s limited environmental levy into a full-blown tax targeting the nation’s major polluters.

But the all-out efforts to combat China’s disastrous pollution levels might get in the way of plans to tax carbon dioxide emissions in a bid to stunt the rapid growth of greenhouse gas emissions, Zhu Guangyao, the vice environment minister, said.

“We have to reflect the requests of the majority through many consultation rounds,” he told the Beijing Morning Post from the sidelines of China’s annual parliamentary sessions.

Advertisement
A carbon tax is increasingly controversial among lawmakers, said Zhu, adding that an environment tax would be easier to push through without carbon in the mix.

- Advertisment -

Related Articles

It’s the 1970s all over again, and Joe Biden is the new Jimmy Carter

The result? Less fossil fuel production and higher prices — with lower-income Americans who can afford it the least penalized the most at the...

$5 trillion in 2021 global debt/equity raised (so far), “divest fossil fuels” in full swing, the world running short of natural gas/coal, and winter...

And yet, even with that freedom, I am at a loss to describe the mayhem going on in the energy world. It’s not that...

New court filings illuminate academia’s deep role in climate industry

Guest Post by Chris Horner You may have noticed the media cycle has subtly begun for next week’s House Oversight Committee climate change show-trial,...