China’s emissions cap proposal – a transformative step in the fight against climate change?

China is proposing to set a cap on greenhouse gas emissions as early as 2016. National carbon tax proposal is part of a new package of environmental protection taxes and would also include taxes to encourage conservation of coal and water. 

China’s centralised decision-making could deliver a national market-based climate policy ahead of United Sates, where divided government and anti-tax sentiment, among other factors, continue to stall movement on comprehensive climate policy. This if anything should encourage all countries, the US in particular, to take stronger action and go towards a strong international treaty being agreed at the UN climate change summit in 2015!

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