China will issue new tax incentives on clean energy and small cars as early as the end of this year, including an exemption of sales tax for cars with a 1.4-litre size engine or smaller, according to China Securities.
In the next five year, China will pour 450 billion yuan into environment protection industry, said XIe Zhenghua, the vice director of National Development and Reform Commission.
U.S. House of Representatives and Heads to the U.S. Senate passed American Clean Energy and Security Act of 2009 in June, said that USA by 2020 may impose sanctions on countries that do not limit emissions.
