Asian Development Bank / by Qingfeng Zhang and Robert Crooks
http://bit.ly/RZWjYz
[UPI] The Chinese government needs to introduce a “green” tax to reduce pollution, says the Asian Development Bank.
In ADB’s latest report on China’s environment — “Toward an Environmentally Sustainable Future” — the bank’s analysts recommend that China impose taxes on resource extraction and pollutant and carbon dioxide emissions…
ADB points to four root causes behind the country’s complex environmental arena: the rapid pace of economic growth; the economy’s heavy reliance on exports and investment; the country’s strong dependence on coal; and rapid urbanization.
Although China over the last few years has hinted at introducing a comprehensive environmental tax policy, no such policy has been introduced by the government…
