Not surprising: China pushes forward with carbon tax plans

China pushes forward with carbon tax plans – 21 Feb 2013 – News from BusinessGreen.

I’m not surprised, because China proves all the time that they do not suffer from political constipation. They make decisions. They move forward.

Of course, this also has its drawbacks at times (i.e. when the balance of power is negligent), but when it comes to recognizing a problem (e.g. carbon emissions, hasty resource development) they get on with solving it… rather than worrying about who gets the credit.

Carbon taxation isn’t the only measure they’ve implemented: China is also using a form of insurance to ensure heavily polluting industries adequately provide compensation for damages.

All this to say, the US and other nations on the verge of considering such measures are feeling the pressure… to not be lame laggards.

via Not surprising: China pushes forward with carbon tax plans.

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