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China to introduce fuel tax
Beijing (AFP) Jul 26, 2006 China will introduce a fuel tax as soon as possible as part of a series of measures to cut down on energy consumption and pollution, state media said Wednesday. "The pricing of energy products has long been too low, which fails to reflect the scarcity of the resources and tends to foster using them with low costs," Vice-finance minister Liao Xiaojun said according to Xinhua news agency. Liao said the government would also create tax breaks for the use of energy-saving equipment, and study lower purchase tax for cars that use less fuel and produce fewer emissions. Authorities will also promote research on recyclable energy, he added. China's economic and social development blueprint for 2006-2010, which was approved by the annual session of China's parliament in March, has set a target to reduce energy consumption per unit of GDP by 20 percent by the end of 2010. Xinhua quoted an official as saying late last month that it would be difficult to live up to this year's target of cutting energy consumption by 4.0 percent without major policy adjustments. President Hu Jintao and Premier Wen Jiabao have called for improved macro controls, including further curbs on fixed-asset investment growth as well as on the supply of credit and land on overheating or polluting industries. Community Email This Article Comment On This Article Related Links Powering The World in the 21st Century at Energy-Daily.com
Fuel Cells, A Neglected Clean Source Of Energy
London UK (SPX) Jul 25, 2006In a situation where the UK is crying out for reliable sources of energy that do not threaten the environment, one option, the hydrogen fuel cell has been relatively neglected through insufficient support from industry and government. This emerges from a new study funded by the Economic and Social Research Council (ESRC). |
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