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China: Tougher taxes urged on emissions, use of resources

Posted on 08 May 2013

China may introduce tougher taxes on emissions and use of resources, after Vice-premier Ma Kai said more reforms are needed to achieve greener industrial development. In an article for Qiushi Magazine on Thursday, Ma called for an increase in the funds needed to tackle pollution “via taxation measures”.
He said measures could include a heavier tax burden on companies and higher prices for the use of resources, such as water. To promote energy saving and enhance efficiency, Ma called for innovative pricing mechanisms for resources, and for more use of renewable energy such as hydro and nuclear power………………………………………..Full Article: Source


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