This content is from: China

China plans carbon tax

If the government’s proposals are enacted, China’s biggest polluters will face a new tax on their carbon emissions from 2015.

Carbon would be priced at 10 yuan ($1.59) a tonne, increasing depending on a company's emission levels.

China is the world’s largest carbon dioxide producer, accounting for 23.33% of all global emissions in 2008.

The plans have been submitted to the Ministry of Finance for review .

More to follow...

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