Environmental Tax Adds Little Burden to China's Metals and Mining Industry

  • ID: 4542544
  • Report
  • Region: China
  • Wood Mackenzie
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China's environmental tax law came into force on 1 January 2018. It aims to encourage companies to reduce the amount of pollutants they discharge or pay a levy based on the environmental impact of their emissions. Our analysis indicates the new environmental tax will increase most metal producers' costs only slightly – even if the tax is more strictly enforced and collected. This is because most provinces have kept their tax rates similar to the previous discharge fee rates. In addition, many metal producers are now equipped with technology to reduce their emission levels, after coming under closer scrutiny from Chinese authorities in recent years.
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  • Executive summary
  • New tax shows progress in China's environmental-protection efforts
  • Incremental cost will be relatively small for most metal producers
  • Steel
  • Iron ore
  • Alumina
  • Aluminium
  • Copper
  • Zinc
  • Mines
  • Smelters
  • Nickel
Tables and charts
This report includes 4 images and tables including:

Images
  • Estimated cost increase under new environmental tax (RMB/tonne)
  • Maximum cost increase if no discharge fee was paid previously but all environmental taxes are paid (RMB/tonne)
  • Discharged waste water per tonne of steel (m3/tonne)
  • Discharge particulates and SO2 per tonne steel (Kg/tonne)
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