Figure-1-serbia

Economic instruments for Environmental Protection


Challenges In the Development of China’s Environmental Economic PolicyIn 2011, the Ministry of Environmental Protection of the People's Republic of China (“MEP”) issued its ambitious five-year plan to improve the rule of law concerning environmental protection by 2015. This plan aimed to establish a comprehensive framework for China’s environmental protection policy which consists of (a) environmental protection law and regulations and (b) environmental economic policy. From the perspective of function, China’s environmental protection law and regulations are similar to command and control environmental policy instruments which have been used since the early 1970s. In contrast, China’s environmental economic policy (“CEEP”) is similar to the market-based environmental policy which is a new concept in China.

The concept of CEEP was first introduced at China’s Sixth National Environmental Protection Meeting where there was a call for a shift from relying on administrative means to a comprehensive use of legal, economic, technological and necessary administrative measures to solve environmental problems. In theory, CEEP consisted of certain economic instruments which aim to adjust the behaviour of market entities in order to reconcile environmental protection and economic development. The concept of CEEP was further developed following an article by Pan Yue, deputy minister of the MEP. This article proposed that CEEP needed to be further developed in seven areas: (1) green taxation, (2) pollution charging, (3) green capital markets, (4) ecological compensation, (5) emission rights trading, (6) green trade and (7) green insurance.

However, the development of CEEP did not go very well. The economic nature of CEEP entailed that the MEP had to seek support from other Ministries which are responsible for economic policy. Taking trade-related CEEP (green trade as mentioned above) as an example, the MEP developed a so-called “CEEP Catalogue”, which comprises of two parts: (a) the inventory of products causing high pollution and with high environmental risks and (b) the inventory of key environmental equipment. Based on the CEEP Catalogue, the MEP recommended that the State Council Customs Tariff Commission imposed export restrictions such as export taxes on certain products in order to reduce the production of them which caused pollution to environment. However, this trade-related CEEP has been challenged twice at WTO level and was found to be WTO-inconsistent in China – Raw Materials and China – Rare Earths in 2011 and 2014 respectively.

China will abolish its WTO-inconsistent trade-related CEEP in May 2015. But this is not the end of story. Since WTO law does not only apply to border measures, how can China further prevent WTO-inconsistent CEEP in other areas? Next year, the MEP will publish its 13th Five-Year Plan (2016-2020) on the framework of China’s environmental protection policy. It would be better to address this WTO-related issue before further broadening the scope of CEEP.



Share this article





Related Posts



Latest Posts
Massachusetts v. Environmental Protection Agency Case Brief
Massachusetts…
Analysis Stepping into…
National Environmental Protection Act of 1969
National Environmental…
Effective January 1, 1970…
NYC Environmental Protection Jobs
NYC Environmental…
Forest rangers are sworn…
International Journal of Environmental Protection
International…
Editor: Prof. Yung-Tse…
When was the Environmental Protection Agency formed
When was the…
If success in setting…
Ethiopian Environmental Protection Authority
Ethiopian Environmental…
Indigenous Seed Harvesting…
Environmental Protection Rules 1986
Environmental…
THE ENVIRONMENT PROTECTION…
Florida Department of Environmental Protection permits
Florida Department…
Gov. Rick Scott, who has…
New Jersey Department of Environmental Protection
New Jersey Department…
About NJDEP Stewardship…
Monaco Yacht Show 2016
Monaco Yacht Show 2016
The Monaco Yacht Show started in 1991...
Search
Featured posts
  • Economic incentives for Environmental Protection
  • Measures for Environmental Protection
  • Need for Environmental Protection
  • Reasons for Environmental Protection
  • China Ministry of Environmental Protection
  • New Jersey Department of Environmental Protection
  • Examples of Environmental Protection
  • Biotechnology in Environmental Protection
  • International Journal of Environmental Protection
Copyright © 2019 l gooddeeds.eu.org. All rights reserved.