Carbon pricing

Swapnil | Gaurav | Team | Suhail

Climate change is a global problem that must be addressed locally.

Global governments won’t agree on action until individual nations have a plan. And individual nations are reluctant to make a plan until the rest of world takes the plunge too.

OUR STAND

Carbon Pricing is the solution

Explaining our stand

We are the world’s biggest energy consumer (2.713 MTOE)

We are the world’s biggest producer of carbon dioxide

(7,711 million tonnes)

The ‘ EFFECTS ’

China is home to 20 of the world’s 30most polluted cities.

Only 1% of China’s 560 millionurban residents breathe air that is deemed safe by European Union standards.

Impacts on economy

Costs of pollution

The health costs of air and water pollution in China

4.3 % of its GDP

By adding the non-health impacts of pollution, the total cost of air and water pollution in China

5.8 % of its GDP

Source: World bank

Hurting the ‘CHINA’ brand

China is the world’s No. 3 destination for international travel

Reluctant to travel or settle down in China

Drop in number of tourists (5% decrease compare to 2012)

Source: http://newsinfo.inquirer.net/464935/air-pollution-takes-toll-on-chinas-tourism

The ‘ ACTIONS ’

Pilot scheme

30 yuan per

tonne

50 yuan per

tonne

2014 2018

The 2nd biggest cap-and-trade program

Shenzhen, Beijing, Shanghai, Guangdong, Tianjin, Chongqing and Hubei.

Set to regulate 800 million to 1 billion tons of emission by 2015

We aim to cut carbon emission by

45% by

2020

The ‘ way ahead ’

Revenue neutral

NOTHING SHOULD BE RETAINED BY GOVERNMENT

How to give back?Dividend Tax reduction

Higher carbon usage = more tax

The same amount of dividend will be given to everyone

People with less carbon usage will get more dividend back than the tax they pay

Win-win situation

Protect the poorGood for politicianIncentive for reducing individual carbon foot print

What else are we doing?

Creating awareness

Survey by China daily

90% are very concerned with the global warming issue

79 % are willing to offset their carbon footprints

How many trees you want to kill today?

X 10

X 20X 30

X 50

Tax Benefit & priority in getting government contracts

Tax benefits

Carbon-free stars

International cooperation

Import duties should be proportional to carbon footprint of the country

Eg – Qantas pays duty for flying in EU

Charge economic rent for not creating negative externalities

Conclusion

Together we can and we will make this place a better place to live in …

Thank You