China’s Proposes Eco Tax

14/10/2010 at 6:00 am Leave a comment

Chinese ministries will be submitting a proposal for an eco tax on a trial basis. The tax will first be tested in four rural areas – Jiangxi, Gansu, Hubei and Hunan.  The proposed tax is part of Beijing’s incentive to create greener economic growth and would likely be levied on discharges of polluted water and emissions of carbon dioxide.

China has pledged to cut it’s carbon footprint by 40% by 2020.  These efforts are part of the governments commitment to meet environmental standards as well as to restructure it’s slowing industrial output.  Beijing has already taken steps to crack down on excessively polluting industries and they’ll continue to get tougher in the years to come.

Source – Ecotextile October 2010

Entry filed under: Business, Economy, Organic Apparel, Textiles. Tags: , , .

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