Tongwei Chairman Wants Carbon Tax to Fund Solar Subsidies

摘要

The chairman of a company that is planning big investments in solar-cell manufacturing wants the Chinese government to use carbon taxes to fund solar subsidies.If China set a 10 to 20 yuan ($1.6 to $3.2) per ton tax for carbon emissions, it could generate 100 to 200 billion yuan a year, which then could be used to subsidize renewables, according to Liu Hanyuan, the chairman of Tongwei Group Co. That's part of his proposal to China's top legislative body, in which Liu serves as a delegate. He will be attending the session this month in the nation's capital.