According to Chinese news sources, China is planning a new set of tax policies to fight climate change, including a tax on carbon dioxide emissions.
The environmental protection tax would be collected instead of the usual pollutant discharge fees. China’s government would also levy a tax on carbon dioxide emissions, according to reports.
This tax would be collected by local authorities, not the higher-level environmental protection department.
China is the world’s largest emitter of greenhouse gases and has already set goals for cutting these emissions. The idea of a carbon tax in China was first introduced by the country’s ministry of finance in 2010.
The country’s leadership has reportedly been embarrassed by stories in Western media outlets about the dangerous levels of smog in populous cities, including Beijing. Heavy coal use and vehicle tailpipe emissions are two contributing factors to poor air quality in certain areas of the country.