CNREC and IISD looks at green revenues for green energy
Earmarked revenues from enviromental taxes could be one of the ways forward for China to ensure the needed subsidies for it’s ambitious development plans for renewables. The International Institute for Sustainable Development (IISD) and the China National Renewable Energy Centre (CNREC) are currently finalising a report on this issue, looking at best-practice examples from other countries and the implications for China.
Summary report on Green Revenues for Green Energy
The preliminary results of the analyses has been published in a summary report, and while we wait for the whole report to be ready, here are the key issues and findings:
1. Environmental taxes can be pro-growth and pro-competitiveness
2. Revenue stability can be ensured with adjustments, price caps and price floors
3. Revenues can promote renewables, as well as protecting the vulnerable, improving competitiveness and building policy acceptance
4. Policy stability increases leveraging of private finance
5. Multiple environmental fiscal policies, including taxes and trading schemes, can and do coexist in many countries
6. Renewable energy revenues need good management and governance if they are to achieve targeted objecives efficently.
These bullit points are explained in more detail in the summary report. Download it here!
New report from CCICED on China’s environmental protection and social development
At the annual meeting 13 to 15 November 2013 in the China Council for International Cooperation on Environment and Development (CCICED) a Task Force for China’s environmental protection and social development launched a summary report with 6 recommendations for how to ensure development of an “Ecological Civilisation”. This vision includes a harmonious society, sharing the fruits of development and safeguarding social justice and equity, but there is an urgent need to deepen the currently weak understanding of environmental and social relationships, and to identify priority fields for action in order to achieve this vision.
The task force operates with a framework for policymakers: 1) Awareness, 2) behaviour and participation, and 3) coordinated governance. The report points to the more soft topics in the necessary transformation of the Chinese society with focus on sustainability and environmental protection, and it sets up a model for how environmental behaviour, public environmental governance and environmental values can be coordinated and jointly developed.
The six recommendations from the Task Force starts with a recommendation on elaboration a vision of coordinated social, economic and environmental development for 2050 and development of a phased plan of policy and actions for the period to 2020. The recommendations also points to a number of activities within the next years to strengthen the long-term vision and the practical next-steps towards more environmental awareness, behaviour and governance. As example, the report suggest that the next five-year plan should be listed as the National Economic, Social and Environmental Development Plan, so that environmental policy and the associated planning will become a significant item in parallel with economic and social policies. Also and Environmental Impact Accessments (EIAs) should be introduced for major policies.
Policy and action framework – from the CCICED report
The Task Force comprises both Chinese and international experts, including high-level people from the Research Office of the State Council and from the Energy Research Institute under NDRC. It is definitely worth reading. Find the report at CCICED website.