Levying of Ecoenvironmental Compensation Fees in China: An Analysis and Proposals |
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Authors: | Xuejun Wang Jian Li |
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Institution: | (1) Department of Urban and Environmental Science, Peking University, Beijing 100871, China , CN |
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Abstract: | In addition to estimating the total amount of the ecoenvironmental levies, the article analyzes the fee's quantitative effects
on the government's major price indexes. Assuming fee collection started in calendar year 1998, total revenues collected by
the end of the year 2000 are estimated to range from 6.68 billion Renminbi (RMB, unit of money used in China; 1990's comparative
value, the same thereafter), 12.6 billion RMB, to 18.6 billion RMB, depending on the fee rate in question. The revenue collected
in this way would, if used to finance environmental reclamation projects, greatly improve important parts of China's endangered
environment. Moreover, our calculations indicate that fee collection would likely not lead to significant price fluctuations. |
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Keywords: | : Ecoenvironmental compensation fee Levy China |
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