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Economic development and environmental sustainability-the case of foreign direct investment effect on environmental
Chen Haibo1, Emmanuel Caesar Ayamba2, Andrew Osei Agyemang1
1School of Finance and Economics, Jiangsu University, Zhenjiang, 212013, People's Republic of China.
Abstract:
This research reviews and analyses the environmental catastrophes in China with regard to its adherence of global environmental policies and practices. The research makes available evidence of the present policy regime and institutions, strategies for curbing emission, environmental legislations and regulations and measures to provide a sustainable environment for the present and future generations. This paper reviewed how the environment is affected by the emissions. The findings revealed that China adheres to global policies and practices. China also receives local and international support in terms of assistance in dealing with environmental challenges. It was also revealed that carbon dioxide was not included in the list of pollutants to be taxed by the environmental protection tax law. Furthermore, the government needs to be strict at the local and district levels in enforcing the law to ensure professionalism and attainment of set standards.
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