China Caps Carbon
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  • Kavanna

    Not a smart move. The best thing is to just tax pollution. After that, plant trees, lots of them.

  • Andrew Allison

    I’m a little surprised that VM didn’t reference its is previous discourse on the utter failure of cap-and-trade.

  • Corlyss

    They’re going backwards. Carbon trading, carbon sequestration, all scams.

  • Douglas6

    Shenzhen doesn’t have heavy industry, and its power all comes from nukes. The air pollution in Shenzhen (and the air in Shenzhen is far, far cleaner than Beijing or Shanghai) is largely from automobiles. My guess is that this cap-and-trade policy serves two purposes: (1) propaganda – telling the West how environmentally conscious China is, and (2) it’s a tax source for a municipal government that has no power to levy income, sales or real estate taxes.

  • lukelea

    I think you are right about the opportunities for corruption. And the Chinese aren’t shy about taking advantage of such things. Someone observed that the Chinese are highly intelligent when taken one, two, or three at a time but that when in large numbers they can do some really wild and crazy things.

    • rheddles

      “Someone observed that the Chinese are highly intelligent when taken one,
      two, or three at a time but that when in large numbers they can do some
      really wild and crazy things.”

      And this makes them different from other ethinc groups in what way?

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