Figuring out China’s coal goal
2021-09-28
Xi Jinping’s vow to end China’s international coal is puzzling China watchers with details on how far the promise goes still unclear.
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Category: China
News, indicators and facts of the work of the Green Fiscal Policy Network and our partners in China.
BRICS summit is likely to strongly oppose carbon tax proposed by EU
2021-09-16
Brazil, Russia, India, China and South Africa may strongly oppose the proposed Carbon Border Adjustment Mechanism (CBAM) by the European Union at the 13th BRICS Summit on Thursday as the five developing countries will likely be the biggest losers from its implementation. In a veiled reference to CBAM, BRICS trade ministers last week cautioned that any measure to tackle climate change must be in conformity with multilateral trading rules and shouldn’t put arbitrary restrictions on international trade.
What is China’s Carbon Market Scheme?
2021-09-08
China has proposed the world’s largest carbon emissions trading scheme (ETS). As the country has pledged to reach net zero emissions by 2060, this article explores the merits of the current scheme.
How Europe could get China and the U.S. on its side with new carbon tax
2021-09-01
The measure, if approved, will force EU businesses to pay a carbon levy for goods they import from outside the bloc. The problem is that some nations might not want to go down the carbon neutrality route as fast as the EU.
China’s post-pandemic economic stimulus spending on green projects shows there is room for improvement: Greenpeace
2021-08-13
Only 15 per cent of China’s newly added post-Covid-19 national and municipal bonds went to green, sustainable, or low-carbon projects, says Greenpeace. China approved a fiscal stimulus package of 6.35 trillion yuan (US$984 billion) in May last year to help the country’s economic recovery after the pandemic.
In defiance of NGOs, EU backs fuel subsidies for its fleet at WTO talks
2021-08-13
The negotiating team for the European Union at the ongoing World Trade Organization talks on harmful fishery subsidies is insisting that any deal allow for continued tax exemptions for fuel purchases.
EU’s border tax gives countries 5 years to clean up industries or face penalties
2021-07-19
Unpopular among the bloc’s trading partners, countries are seeking exemptions to the carbon levy, as Brussels hints alternatives to pricing may be considered to dodge the tax The European Union
Here’s What’s in the New Climate Plans From the EU and China
2021-07-19
The European Union (EU) and China announced sweeping plans this week to dramatically reduce greenhouse-gas emissions to slow the pace of climate change. Many scientists say the warming climate is creating more
Explainer: How will China’s new national carbon emissions trading scheme (ETS) work?
2021-07-19
China expects trading to commence on its long awaited national carbon emissions trading scheme (ETS) this month, and sources aware of the plans expect a launch ceremony to be held on Friday.
3 essential steps towards ending fossil fuel subsidies
2021-07-12
Fossil fuel subsidies persist despite the climate crisis. They distort the energy market by keeping fossil fuel prices artificially low. Removing these subsidies must be accompanied by social programmes that will reduce the impact on the poorest household.
