Asia-Pacific leaders to cut taxes on green goods

Nov 14, 2011

Asia-Pacific leaders representing more than half of the global economy committed Sunday to cutting tariffs on environmental goods to no more than five percent and reducing energy intensity.

In a joint statement after a summit in Hawaii, leaders of the APEC bloc -- which includes the United States and China -- said they would also eliminate non-tariff barriers that impede trade in green products.

"Taking these concrete actions will help our businesses and citizens access important environmental technologies at lower costs, which in turn will facilitate their use, contributing significantly to APEC's sustainable development goals," the statement said.

APEC economies will make a list of environmental goods next year and reduce tariffs to no more than five percent by the end of 2015, the statement said.

The statement also set an aspirational goal of reducing the bloc's energy intensity -- the amount of energy used compared with the economy -- by 45 percent by 2035.

The United States made the trade in green goods such as solar and wind a priority for its chairmanship of the Asia-Pacific Economic Cooperation forum, seeking a way to boost both job growth and environmental action.

But a senior Chinese official last week said that the goals set out by the US side were "too ambitious and beyond the reach of developing economies."

In an apparent nod to Chinese concerns, the statement said that APEC would cut tariffs while "taking into account economies' economic circumstances."

Action on the environment has come slowly in a number of countries, with China's on the rise and proposals to mandate action against climate change have died in the .

Despite indications that is already taking a toll on the planet, around the world posted their biggest annual jump last year, according to US government data.

Explore further: Solar energy-driven process could revolutionize oil sands tailings reclamation

add to favorites email to friend print save as pdf

Related Stories

US presses green growth in Asia

May 18, 2011

Warning that the era of cheap fuel was over, the United States on Wednesday called for Pacific Rim economies to knock down trade barriers to spur growth in clean energy.

Under US, Asia-Pacific to focus on green trade

Mar 09, 2011

The United States, taking the helm of the APEC forum, hopes to spur green growth in the Asia-Pacific region by knocking down trade barriers on environmental goods, a senior official has said.

APEC eyes high-speed broadband networks by 2020

Oct 31, 2010

Asian and Pacific countries agreed on Sunday to help establish next-generation high-speed broadband networks in their region by 2020, overcoming the "digital divide" between rich and poor nations.

China plans carbon-trading pilot scheme

Jul 18, 2011

China will introduce a pilot scheme for carbon emissions trading and gradually develop a national market as the world's largest polluter seeks to reduce emissions and save energy, state media said.

Why 'Made in China' should increase our carbon footprint

Oct 19, 2007

Nearly a quarter of China's carbon emissions are created by goods manufactured and exported to Western consumers, according to research by University of Sussex climate change analysts Dr Tao Wang and Dr Jim Watson.

Recommended for you

Big changes in the Sargasso Sea

12 hours ago

Over one thousand miles wide and three thousand miles long, the Sargasso Sea occupies almost two thirds of the North Atlantic Ocean. Within the sea, circling ocean currents accumulate mats of Sargassum seawee ...

Water-quality trading can reduce river pollution

12 hours ago

Allowing polluters to buy, sell or trade water-quality credits could significantly reduce pollution in river basins and estuaries faster and at lower cost than requiring the facilities to meet compliance costs on their own, ...

Managing land into the future

16 hours ago

Food production is the backbone of New Zealand's economy—and a computer modelling programme designed by a Victoria University of Wellington academic is helping ensure that farming practices here and overseas ...

User comments : 0