We all know that air pollution is bad for our health. But what is often overlooked is that high pollution levels also cause significant harm to our economic well being. Brian Viard, Associate Professor of Strategy and Economics at CKGSB, has been researching the economic effects of pollution for much of the past few years. His team has found persuasive evidence that the costs of air pollution are greater and more wide-ranging than most people realize. In this interview with CKGSB Knowledge, he explains how tackling the pollution crisis could actually make the Chinese economy more productive.
For the first time ever, this December the municipal government of Beijing issued not one, but two pollution red alerts in the city. A red alert, the most severe air pollution warning, means that there are restrictions on car use, some factories have to halt production, construction work is stopped and in some cases, schools have to be closed. Obviously things have reached a tipping point forcing the authorities to institute tough measures to curb pollution. But how much does pollution cost China? Also, when the government tries to ensure blue skies, what does it lose in terms of output lost? We bring you the lowdown.
In a bid to improve the environment, the Chinese government is considering imposing a pollution tax. But how exactly should it determine the tax amount?
From stats on China’s megacities to the drop in carbon emissions in China, the numbers you need to know.
This week, smartphone manufacturer Xiaomi made new moves in the wearable technology space; Tencent signed a deal to boost its K-pop quotient; and NDRC placed its bets on a new plan to clean China’s smoggy skies.
China’s pollution problem has reached apocalyptic levels, which is great news for smart companies that have found a business opportunity in it. Wang Bin browses a selection of facemasks at a supermarket in central Beijing. After scanning several different styles, he picks out an intimidating, thick mask made by 3M, an American conglomerate. He’s buying […]
You are invited to download the March 2014 issue of CKGSB Magazine. You’ll enjoy articles and interviews like: COVER STORY The Money Matrix: As Chinese consumers show an increasing preference for easy-to-use internet finance, what will happen to traditional banks? SNAPSHOT: China’s Crushing Debt: How serious is China’s local debt problem? A look at the ticking time bomb. […]
The week that was: Panasonic offers China-based Japanese workers hardship allowance; Alibaba IPO to reportedly happen in New York and not Hong Kong; tech giants plan to issue virtual credit cards; and premier Li Keqiang acknowledges the 7.5% GDP growth target is flexible. Panasonic’s air pollution compensation There seems to be a silver lining in China’s pollution […]
After record smog and a leadership change, what’s in store for environmental policy in China and green investment? In China’s major cities, you can use an app to check the level of smog, or you can just step outside to see, smell and taste it. A Bloomberg news headline put the problem in sharp relief: Living […]