| Carbon tax was not involved in the draft of China’s new environmental protection tax law submitted to the State Council for approval at the beginning of November, because the regulation overlapped with the current pilot emission trading schemes (ETS), market sources said.
The draft drew market attention as carbon tax was included in the preliminary version. The proposed environmental protection law aimed to replace the current pollutant discharging fee, which generally covers waste water and gas, solid water and noise pollution, except greenhouse gases...............................................Full Article: Source |