China ranks above US in green incentives – study

China has three times the amount of incentives encouraging low-carbon generation than in the US, Bloomberg reported, citing a paper published by the Climate Institute. The Sydney-based organization said China ranked higher than the US, Japan, Australia and South Korea in measures to stimulate renewable energy use, including taxes on burning coal. The UK ranked highest in the six-country survey. China, the world’s biggest polluter, targets cutting its carbon dioxide emissions per unit of gross domestic product by 40% to 45% from 2005 to 2020. "China is leading and taking responsibility," said the Climate Institute’s Erwin Jackson. "If you look at it, they’re doing it because it’s in their economic interests."