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As China Greens Its Economy, These People, Businesses, and Nations Will Feel the Pinch

Posted January 09, 2018

Under Economic Issues, International Trade Issues

(Echo Huang & Tripti Lahiri – Quartz)

China, the world’s largest carbon emitter, is ushering in stricter environmental rules on several fronts in 2018.

Increasingly positioning itself as a global leader on the environment, the country from this month will move to a new nationwide system for charging industries for pollution, and will stop allowing the import of about two dozens kinds of waste. In September, a government official said the country wanted to phase out fossil fuel cars, following similar announcements from countries like France and UK, while the country closed the year with the launch of a national carbon trading market.

China needs these policies to cope with a variety of problems, including deadly air pollution and industrial overproduction that has at times depressed commodity prices. Still, while these policies are beginning to lead to better air quality, someone always has to pay a price for reforms. Click here to read more.

Related: China Limits Waste; ‘Cardboard Grannies’ and Texas Recyclers Scramble (NYT)