From China Daily:
A policy based on economic leverage such as prices, taxes, and insurance is called for in a bid to control the behavior of economic entities to ensure that there is harmony between economic growth and environmental protection.
Compared with the traditional regulating mechanism based on government command, a new economics-environmental policy is geared to readjusting the economic interests of entities in environmental protection and resources distribution and, in turn, introducing a set of incentives and restraining mechanisms needed in the tapping of resources in a sustainable way. [Full Text]
Pan Yue (ÊΩòÂ≤≥) is deputy director of China’s State Environmental Protection Administration.