Region: Greater Middle East
OOC: This is a work of fiction. Names, characters, businesses, places, events and incidents are either the products of the author's imagination or used in a fictitious manner. Any resemblance to actual persons, living or dead, or actual events is purely coincidental, and does not reflect the current real-life situation regarding said topics.
Board of Revenues
Changchun Film Studio and Alibaba Pictures have both announced investments into Seri Sayam's movie studios, with each company contributing $1 billion ZGD investments. These investments, which were made to local animation and film studios, specifically targeted firms such as Benetone Films, Kantana Group, and Phranakorn Film - as well as numerous small, low-budget establishments across the country.
Board of Works
The Board of Works has announced that the government would begin to sponsor biofuels for aviation, as it aims to severely cut down on foreign reliance for fossil fuels.
Previously, the Board of Works had embarked on a variety of large-scale nuclear reactor projects, aimed at providing long-term, environmentally friendly power for various rural and urban areas. Now, the Board of Works has announced that it would provide grants for the development and test trials on waste vegetable oil and jatropha-based biofuels. Currently, aviation biofuels are considered by some to be the primary means by which the aviation industry can reduce its carbon footprint. NASA has determined that 50% aviation biofuel mixture can cut air pollution caused by air traffic by 50–70%.
In October of 2011, Zhen Airlines flew the nation's first flight using aviation biofuels. The flight was conducted using locally grown jatropha oil from PetroChina, which lasted 2 hours above Beijing, and used 50% biofuel in 1 engine. In 2015, the first commercial biofuel flight was conducted, carrying 156 passengers from Shanghai to Beijing. The fuel, supplied by Sinopec, was a fuel blend of approximately 50% waste vegetable oil biofuel mixed with conventional petroleum jet fuel.
Under the new grants, the Board of Works will gradually funnel $1 billion ZGD worth of funds to both Sinopec and PetroChina, with the aim of cultivating jatropha and waste vegetable oil biofuels for aviation use. Two Comac ARJ21 regional airliners, each of which will be powered by jatropha and WVO biofuels respectively, will perform commercial flights from Beijing to Jiangning, scheduled for a year's time.
Board of Revenues
The Board of Revenues has made plans to tax carbon emissions, starting with import sources and per capita consumption.
Some have speculated that this new 'carbon tax', a form of climate mitigation, would target the importation of coal and oil (some of the largest emitters of GHGs), as well as incentivise businesses to make use of carbon dioxide scrubbers, and target per capita emissions of CO2.
This tax will be formally considered as an "Environmental Protection Tax". A tax scheme has been roughly drawn out, taxing each citizen $1 ZGD for every 0.01 metric tons worth of CO2 emissions per capita. As of 2018, Zhen citizens registered 7.95 metric tons of CO2 emissions per capita; under the proposed tax scheme, this would mean that each citizen would be required to contribute $795 ZGD annually as part of their carbon tax, with $1.113 trillion ZGD worth of revenues to be collected each year.
Exemptions are given to select demographics, such as rural villagers who may not have access to environmentally friendly methods of power generation.
Other plans to implement a $50 ZGD tax on each metric ton of imported coal, or $60 ZGD per barrel of imported oil, have also been tabled. Once again, exemptions are granted to select companies and nations, which have a favoured trade status with the Zhen.