China likely to levy carbon tax around 2012

14:06, May 11, 2010      

Email | Print | Subscribe | Comments | Forum 

China is likely to levy a carbon tax, an environmental tax that is paid for carbon emissions, on its enterprises around 2012, in a bid to encourage the country's energy saving and environmentally friendly industries, the Economic Information Daily reported Tuesday.

Enterprises including coal, natural gas and oil companies would have to pay carbon tax in accordance with their carbon dioxide emissions, while energy saving and environmentally friendly industries are likely to be subsidized.

Considering the relatively low tax income of local governments, the central government should share the tax with local governments, with 30 percent going to the latter, the newspaper said, citing an unnamed expert.

Individuals who create carbon emissions by using coal and natural gas in their daily life won't be taxed.

Source: Chinadaily.com.cn

(Editor:黄硕)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
  • Two metro trains in Shanghai collided Tuesday afternoon, and an identified number of passengers were injured in the accident, the Shanghai-based eastday.com reported. Equipment failures were believed to have caused the crash on the Line 10 subway, Xinhua quoted local subway operator as saying.
  • An employee at a gold store in Yiwu, located in east China's Zhejiang province, shows gold jewelry on Monday.(Xinhua/Zhang Jiancheng)
  • Tourists ride camels near China's largest desert lake Hongjiannao in Yulin, north China's Shaanx Province, Sept. 24, 2011. Hongjiannao is shrinking as a result of climate change and human activities, and may vanish in a few decades. Its lake area, which measured more than 6,700 hectares in 1996, has shrunk to 4,180 hectares. Its water level is declining by 20-30 centimeters annually and its water PH value has risen to 9.0-9.42 from 7.4-7.8. (Xinhua/Liu Yu)
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
Hot Forum Discussion