00:00:01
so obviously the other question is what
00:00:03
that tax on carbon will mean for air
00:00:06
pollution in general and think about
00:00:07
Beijing as we've seen in the news of the
00:00:09
past few weeks um I go to China every
00:00:12
year I've been to Beijing many times I
00:00:14
can just confirm what people have I've
00:00:16
seen in the news that that's not a right
00:00:18
place to live uh air quality wise I
00:00:21
think the other thing to keep in mind is
00:00:22
that that carbon tax is just one piece
00:00:25
of a much better portfolio of activities
00:00:27
that the new central government in China
00:00:30
has been put in place to uh uh to
00:00:32
enhance environmental sustainability at
00:00:35
least to reduce the level of of
00:00:37
pollution so I think if you talk to
00:00:38
Chinese official privately or publicly
00:00:42
um they're not naive they know that this
00:00:44
is a big issue they know they will have
00:00:46
to balance economic growth or fast
00:00:49
economic growth with quality growth and
00:00:51
quality growth means also uh taking care
00:00:54
of the people the long-term impact of
00:00:55
these pollution would be would be
00:00:57
massive uh so that's really on the table
00:01:00
go of the new central government no
00:01:01
question how fast will China go in um
00:01:06
lowering their emission that would be a
00:01:08
to me that would be the big big question
00:01:10
obviously because that's a very large
00:01:11
country everything that China does well
00:01:15
or not well uh will have tremendous
00:01:17
impact on China but also around the
00:01:19
world as well the Hope obviously the
00:01:22
higher the carbon tax is that the lower
00:01:25
the the pollution will be I mean
00:01:27
economically we hope there will be a a
00:01:29
negative netive correlation between how
00:01:31
much you have to pay to produce coal uh
00:01:34
and the level of of of pollution in the
00:01:37
big cities in China so hopefully that
00:01:40
would be a big big huge driver to reduce
00:01:43
the the pollution in in major cities
00:01:45
whether it's it's Beijing uh dalan or
00:01:49
shangai for that matter
00:01:53
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