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China may pilot carbon tax in shipping industry

Posted on 23 October 2012

The Ministry of Transport is considering piloting carbon trading or a carbon tax in the domestic shipping business, the Economic Information Daily reported on Monday. The ministry has researched different market measures to cut carbon emission in China’s shipping business, and either carbon trading or a carbon tax may be adopted.
The final plan has yet to be drawn up, but the measures are likely to include slowing down the speed of ships………………………………………..Full Article: Source


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