China announces Carbon tax

[Tonington]

Well, I seem to remember some saying that China would never willingly put in place policies that slow their growth. It was BS then, and still is. With China moving forward with a price on carbon emissions, that pretty much destroys one of the most popular do-nothing talking points.

China’s Ministry of Finance announced this week it will levy a tax on carbon emissions. The announcement comes a week after U.S. President Barack Obama called for a market-based solution to climate change in his state of the union address – a call his ambassador said should be interpreted as a challenge to Canada.

North of the border, the Conservative government has rejected the idea of a carbon tax and claim they have no immediate plans for a cap-and-trade system, pointing instead to regulation as the answer to climate change.

Global News | Chinese carbon tax may pressure Canada to act, experts say

I also find it humorous that Obama is calling for a market based solution, while the supposed business friendly Harper prefers regulations to market based solutions.

China is hoping that a price on carbon emissions amongst other policies will help to make less of this:

 

[Niflmir]

George H. Bush enacted the regulations that targeted acid rain. It was quite controversial at the time.

What happened to conservative ideology since then? Conservatives used to be quite pro-science, knowing that it gave them the technological edge in many aspects of society. Now they just deny it and act like their previous track record belonged to some other party.

I am embarrassed to talk to people about the tar sands, Kyoto or environmentalism in generral. Around the world, people know Canada as a beautiful country full of unspoiled nature. Our politicians don't seem to realize how much they are tarnishing our reputation. We are becoming rapidly discredited.

 

[petros]

Their economy is sucking azz after the USD fell to 6.2 RMB.

A carbon tax would be a cash cow.

 

[Niflmir]

Their economy is sucking azz after the USD fell to 6.2 RMB.

A carbon tax would be a cash cow.

If the price of oil goes too high their economy will bottom out, in my opinion. If it is cheaper to manufacture in one's own country with high labor costs than to ship from China, then industry will move back to countries where they plan on selling.

 

[EagleSmack]

And all the tax money goes to the UN and other developing nations? It leaves China?

 

[lone wolf]

Ha! There's probably a loophole - like proceeds from profits....

 

[Niflmir]

And all the tax money goes to the UN and other developing nations? It leaves China?

And that matters because...

 

[petros]

And all the tax money goes to the UN and other developing nations? It leaves China?

Nope. It's just us dumbazz westerners that have to pay 0.02% of our GDP to global socialism.

 

[Machjo]

A gas tax is not so bad; it can always be compensated for by a reduction in personal income taxes. It might hurt their distant export and import markets, but could benefit their neighbouring import and export markets.

 

[EagleSmack]

And that matters because...

Because it is the Chinese government taxing the Chinese government.

 

[petros]

A gas tax is not so bad; it can always be compensated for by a reduction in personal income taxes. It might hurt their distant export and import markets, but could benefit their neighbouring import and export markets.

Have you driven our highways lately? Does it appear that the road tax is going to the roads?

They pay income tax? Commies don't pay income tax. They pay in blood sweat and tears.

 

[Machjo]

Have you driven our highways lately? Does it appear that the road tax is going to the roads?

They pay income tax? Commies don't pay income tax. They pay in blood sweat and tears.

Canada's is at a distinct disadvantge here with a small population having to fund a geographically massive transportation infrastructure. Comparing Canada to a country with a much higher population density is like comparing apples and oranges.

Also, infrastructure aside, a carbon tax also makes sense to keep medicare costs down in our cities especially pertaining to bronchitis, asthma, etc.

If I didn't know better, I'd think that picture was taken right after a missile attack.

 

[petros]

Canada's is at a distinct disadvantge here with a small population having to fund a geographically massive transportation infrastructure. Comparing Canada to a country with a much higher population density is like comparing apples and oranges.

China is HUGE too and they are just building their infrastructure too. If you want to die rich, move to China and set up schools that teach anything automotive, set up a massive repair shop and employ your students on the cheap.

Also, infrastructure aside, a carbon tax also makes sense to keep medicare costs down in our cities especially pertaining to bronchitis, asthma, etc.

Carbon taxes going to health care? Are ou on glue? It's a sucker tax like the lottos.

What's the humidity like?

 

[Goober]

China uses 47% of the world production of coal. As of 2013
China burns half of coal consumption worldwide, figures show | Environment | guardian.co.uk

From 1.5 Billion tons in 2001 to 3.8 Billion tons in 2011

Became the worlds largest emitter in 2007
China overtakes US as world's biggest CO2 emitter | Environment | guardian.co.uk
And Canada will follow the US on standards they set.

 

[petros]

Downtown Calgary as seen from the Tsuu T'Ina rez on a SUNDAY morning that was dry as a popcorn fart. Calgary is 1/20th of Beijing.

China uses 47% of the world production of coal. As of 2013
China burns half of coal consumption worldwide, figures show | Environment | guardian.co.uk

From 1.5 Billion tons in 2001 to 3.8 Billion tons in 2011

Became the worlds largest emitter in 2007
China overtakes US as world's biggest CO2 emitter | Environment | guardian.co.uk
And Canada will follow the US on standards they set.

1 in 7 people in the world live in China.

 

[damngrumpy]

China has an artificial currency kept low to out perform the rest of the world. We in the West
keep on feeding the machine that will eventually turn financial might into political might and
then our real problems begin. The carbon tax thing is a cash cow for any nation that applies
it. This is like the gun laws that are supposed to work. Now in some cases carbon rules if
applied fairly could reduce emissions the same as allowing for sane gun ownership with
regulation will do some good. However the real reason to apply these rules is not for progress
they are usually half hearted measures to make someone who need to feel good to feel good.

 

[darkbeaver]

Their economy is sucking azz after the USD fell to 6.2 RMB.

A carbon tax would be a cash cow.

Of course with the slowdown they'll meet and exceed their emmision quotas probly in a year or so. The carbon comedy is priceless.

I burn all my garbage right in the yard now, plastic electronic junk old oil anything with carbon in it. Every little bit will bring Nova Scotia warming that much faster.

 

[Machjo]

China has an artificial currency kept low to out perform the rest of the world. We in the West
keep on feeding the machine that will eventually turn financial might into political might and
then our real problems begin. The carbon tax thing is a cash cow for any nation that applies
it. This is like the gun laws that are supposed to work. Now in some cases carbon rules if
applied fairly could reduce emissions the same as allowing for sane gun ownership with
regulation will do some good. However the real reason to apply these rules is not for progress
they are usually half hearted measures to make someone who need to feel good to feel good.

If China's keeping its currency artificially low for so long, it had better be prepared for when it blows up in its face. Japan tried that for as long as it could until it could keep the value down no longer in the 90's. Once the value started rising strong, Japan ended up in recession for many years thereafter.

China had better be prepared for the same experience.

 

[petros]

China has an artificial currency kept low to out perform the rest of the world. We in the West
keep on feeding the machine that will eventually turn financial might into political might and
then our real problems begin.

So that is why imports went up when the dollar dropped?

As they become more and more consumer driven imports from China will increase heavily in competition with domestic supply and demand.

It's a good thing we bought China.

That consumer market is going to skyrocket the value of our exports to China.

It was a very smart move.

 

[darkbeaver]

Our exports will be the ground the trees and the remaining edible fish and meat and water for at least a couple of decades since we don't manufacture anything in the factories that we haven't manufactured yet.