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Chinese carbon tax

2013-03-02 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Living on Earth: Some US politicians argue that it's pointless for the United States to take action on climate change until the Chinese curb their emissions. But an official in China's Ministry of Finance recently wrote an article advocating a tax on carbon. Deborah Seligsohn, a researcher at University California at San Diego, tells host Steve Curwood that the Chinese are taking climate change more seriously than many people think. Transcript CURWOOD: It's Living on Earth, I'm Steve Curwood. Not long ago China...

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ArcelorMittal unit hit by South Africa carbon tax worries

2013-02-27 16:38:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Shares of ArcelorMittal South Africa dropped more than 6 percent on Wednesday after the government said it would tax carbon emissions from 2015, sparking concern heavy polluters could see their earnings hit. As the continent's top greenhouse gas emitter, South Africa is looking to curb emissions, although it also plans some exemptions to protect industry, Finance Minister Pravin Gordhan said during his 2013 budget speech. ArcelorMittal South Africa, a unit of the world's biggest steelmaker...

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U.S. manufacturers say carbon tax could cut factory output

2013-02-26 23:14:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The largest U.S. manufacturers' association on Tuesday warned that a potential tax on carbon emissions to fight global warming would cut factory output and could hurt the U.S. economy in other ways. The National Association of Manufacturers (NAM) released a report predicting such a tax would raise energy prices, squeeze households and harm U.S. competitiveness. The association called the report a preemptive strike against a recent proposal of a carbon tax from two U.S. Senators who have not yet...

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China pushes forward with carbon tax plans

2013-02-21 01:05:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: The Chinese government has provided further details of its plans to introduce a carbon tax as part of a package of tax reforms that will also see new levies introduced on scarce resources and environmentally damaging activities. State news agency Xinhua reported this week that a senior official at the Ministry of Finance (MOF) has confirmed the plans are progressing and will see a new carbon tax and environmental protection replace existing pollution discharge fees. Writing on the MOF website...

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Boxer, Sanders introduce bill to require carbon tax payment by fossil fuel producers

2013-02-16 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Sens. Barbara Boxer (D-Calif.) and Bernie Sanders (I-Vt.) introduced a sweeping climate change bill Feb. 14 that would require several thousand coal, oil, and gas producers to pay a $20-per-ton carbon fee, which the two senators touted as a simpler alternative to the Democrat-led, economywide, cap-and-trade approach that collapsed in the Senate in 2010. Boxer, who chairs the Senate Environment and Public Works Committee, said she plans to move the Climate Protection Act of 2013 (S. 332) through...

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