China likely to introduce environment tax in 12th Five-Year Plan

15:43, November 23, 2010      

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China may introduce an environment tax during the 12th Five-Year Plan, deputy minister Xie Zhenhua of the National Development and Reform Commission (NDRC) said on Oct. 23.

Xie, one of China's leading negotiators for climate change talks, disclosed that relevant government authorities are studying the collection of an environment tax, adding that a carbon tax is still under study.

The government will rely more on market tools and economic measures to achieve the target of reducing carbon emissions reduction, he said.

Currently, pilot carbon emissions trading pilot programs have been launched in some large cities, including Beijing, Shanghai and Tianjin.

"During the 12th Five-Year Plan, we are likely to pick up the pace," he said.

Xie said that China is able to reach its carbon emissions reduction target set for the 11th Five-Year Plan. "During the five years, China cut carbon dioxide emissions by almost 1.5 billion tons."

By People's Daily Online


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