Advertisement

China's smog-plagued Hebei draws up environmental tax plan

From Reuters - December 5, 2017

SHANGHAI (Reuters) - The smog-prone northern Chinese province of Hebei has drawn upplans to launch a comprehensive environmental protection tax starting in the new year that will give more incentives for local polluters to clean up, it said on Wednesday.

Chinas legislature approved a new environmental tax law late last year that gave regions the power to set their own rates. Several regions have already drawn up schemes and in January will start charging firms according to the amount of air, water and even noise pollution they produce.

But Hebei, a major source of hazardous and politically embarrassing emissions drifting across Chinas capital Beijing, is under heavy pressure to clean up and will levy higher rates of tax than other regions.

According to draft regulations now being discussed by local lawmakers, firms in the cities of Shijiazhuang, Baoding, Langfang and Dingzhou will be charged as much as 6 yuan ($0.91) for each unit of air pollution and 7 yuan for each unit of water pollution they produce, the local government said.

The highest permissable rate stands at 12 yuan and 14 yuan respectively, according to the law passed last year.

Advertisement

Continue reading at Reuters »