China's environmental tax plan now with Cabinet- Assn

Wed Jan 26, 2011 2:33am GMT
 

BEIJING Jan 26 (Reuters) - China's landmark environmental tax plan has been submitted to the State Council, China's Cabinet, a petroleum and chemical industry association said on Wednesday.

Chinese media reported last August that three Chinese ministries would soon submit a proposal for an environmental tax on a trial basis.

The tax, likely to be levied on emissions of carbon dioxide and discharges of polluted water, would form part of Beijing's drive for a greener economic growth. (Reporting by Jim Bai and Chen Aizhu; Editing by Ken Wills)

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