China is considering levying a carbon tax within the next three years to tighten its regulations on polluting industries and put the economy on a greener path, according to China Daily. A draft of a new system of taxation has been submitted by the Fiscal Science Research Center of the Ministry of Finance to the ministry for review. The plan would impose a tax on emissions of greenhouse gases, Su Ming, deputy director of the center, said on Jan. 5. Su said the tax is likely to be charged at a rate of 10 yuan ($1.59) for each ton of carbon dioxide that a
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