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Best of Chinese Commentators

12 January 2012

According to a report from China Cement Net, Beijing may implement a carbon tax in 13 provinces in 2013 including Guangdong, Liaoning, Hubei, Yunnan, Shanxi, Chongqing and Guizhou. The tax rate will be Rmb30 ($4.7, £3.0, €3.7) to Rmb40 per tonne of CO2 emissions. The details of this new tax have yet to be announced but if it is implemented it could impact the profitability of cement companies.

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