China Studying Carbon Tax Ideas. By Chris Buckley, Reuters, May 3, 2009. "Chinese state thinktank researchers will soon issue preliminary proposals for a carbon tax that may one day become part of the government's efforts to tame growing greenhouse gas emissions... The carbon tax proposal, however, appears a long way from the prospect of implementation. China has said it is up to rich countries to lead the way in cutting greenhouse gases fueling global warming... Beijing says it and other developing countries should not be forced to accept mandatory emissions caps to solve a global warming problem caused by developed countries." [Editor's Note: One of the reasons that CCC prefers a carbon tax to cap-and-trade is because we believe that a carbon tax is more readily applicable internationally. Asking developing countries to put a cap on their emissions is problematic.]
2009-05-03
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