March 3, 2013

Climate Action in China

Wind has overtaken nuclear as an electricity source in China. In 2012, wind farms generated 2 percent more electricity than nuclear power plants did, a gap that will likely widen dramatically over the next few years. Wind developers connected 19,000 megawatts of wind power capacity to the grid during 2011 and 2012, and they are expected to add nearly this much in 2013 alone. China should easily meet its official target of 100,000 megawatts of grid-connected wind capacity by 2015.


China is among the world's largest emitters of greenhouse gas and has set goals for cutting emissions. The government has vowed to reduce carbon intensity, or the amount of carbon dioxide emitted per unit of economic output, by 40 to 45 percent by 2020 in comparison to 2005 levels. China will proactively introduce a set of new taxation policies designed to preserve the environment, including a tax on carbon dioxide emissions.

The government will collect the environmental protection tax instead of pollutant discharge fees, as well as levy a tax on carbon dioxide emissions, Jia Chen, head of the Ministry of Finance's tax policy division, wrote in an article published on the MOF's website. 
[Xinhua - Chinese State News Agency]

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