A new carbon tax that looks set to be imposed in China could be a game changer -- if the new central government sets the rate high enough.
China looks set to introduce a new carbon tax and other levies aimed at cleaning up severe environmental problems. Whether the tax will be high enough to make a big difference is unclear. But Chinese officials know they must address the challenge soon, says Erwann Michel-Kerjan, managing director of Wharton’s Risk Management and Decision Processes Center.
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