China to levy carbon tax before 2015

[OKIsItJustMe]

http://articles.economictimes.indiatimes.com/2012-01-05/news/30592974_1_carbon-tax-carbon-dioxide-carbon-intensity

[font face=Times, Serif][font size=5]China to levy carbon tax before 2015[/font]

Reuters Jan 5, 2012, 12.38PM IST

[font size=3]BEIJING: China's biggest energy-consuming companies are likely to face a direct tax on carbon dioxide emissions by 2015, the Xinhua-backed Economic Information Daily reported on Thursday, citing government sources.

It said proposals for a new environmental taxation system had already been submitted for review to the Ministry of Finance and were expected to be implemented before the end of the 2011-2015 five-year plan.

Drawn up by the ministry's Financial Science Research Institute, the proposals include setting up an independent tax on greenhouse gas emissions that would focus on big consumers of coal, crude oil and natural gas.

The proposals call for the tax to be levied by as early as this year, but the newspaper said economic uncertainties would likely delay the launch.

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[caraher]

1. Is this the same China that is balking at paying the EU carbon tax for air travel?

It's good to see China taking action, but it's a shame that they won't cooperate with similar efforts elsewhere.

[Dead_Parrot]

2. I'll bet you a crate of beer this doesn't go through. nt