Tuesday, September 13, 2011

China watching Australia's carbon tax

China has started working towards putting a price on carbon and is watching Australia closely, says Dr Jiang Kejun, head of energy and environmental policy analysis at the Energy Research Institute of the National Development and Reform Commission (China’s macroeconomic planning agency). He was in Australia this week. China wants to do emissions trading but so far we don’t know which emissions trading scheme we should do. That’s the reason why we are setting up six pilots trading schemes in provinces: Guangdong, Shanghai, Hebei, Chongqing, Beijing, Tianjin. So I think this will affect more than 250 million people. We look at what’s happening in Europe, what happened in the US and what happened in Australia. And also Japan has proposed to do some emission trading. So we look at everything together to see what’s good and bad and then we will have a review to see what China can do. Maybe by 2013 we will start the pilot and by 2015 we can do a nationwide scheme. It depends on the pilot.” (From The Conversation and Climate Spectator)

How will a price on carbon affect Australia farmers? Find out at the Carbon Farming Conference. 28-29 September, 2011 http://www.carbonfarmingconference.com.au

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