If China implements a carbon tax, will Georgia Power CEO Paul Bowers change his recent answer to a question about a carbon tax, which was “why would anyone want that?”
In February the Chinese Ministry of Finance (MoF) said China would soon tax carbon dioxide (CO2) emissions, and that’s getting closer in the country whose capital Beijing has smog bad it’s literally off the charts. Katie Valentine wrote for ThinkProgress 22 May 2013, Bombshell: China May Be Close To Implementing A Cap On Carbon Pollution,
Continue readingChina is taking steps to tackle its huge carbon output. Today, the country announced the details of its first carbon trading program, which will begin in the city of Shenzhen next month. The southern city is one of seven cities and provinces, including Beijing, which will take part in the pilot program, set to be completely implemented by 2014.
And according to one local news source, China could implement an absolute, nation-wide cap on its carbon emissions by 2016. China’s 21st Century Business Herald reported this week that the country’s State Council still needs to approve the carbon cap proposal submitted by the National Development and Reform Commission, a government entity that controls much of the Chinese economy. The proposal, which the State Council is reportedly likely to support, would ensure China’s emissions would not increase past the country’s target cap, regardless of economic growth — though it’s still unclear what that cap would be. The paper reported that the NDRC also predicts China’s greenhouse gas emissions will peak in 2025, rather than 2030, as earlier predictions stated.
If the cap is adopted,