The official news agency in China is reporting that the government will tax carbon emissions.

Among the world's most developed countries, Turkey and the Netherlands tax gas and carbon use at the highest rate; the U.S., Mexico and Canada tax carbon and gas at the lowest rates.

It's official: Companies must now purchase permits to emit excess levels of carbon dioxide and other greenhouse gases in the state of California.

In Australia, Aussies are getting used to the first week under a new carbon tax. The country's biggest polluters are paying a steep $24 per ton of carbon emitted — that's more than twice the cost of carbon permits in the EU.

Europe's biggest airlines say a new European tax on the carbon dioxide coming out their jet engines is a bad idea.

Australia's parliament recently approved a law for taxing greenhouse gas emissions.

*The Mid-Day Update is a five-day-a-week podcast from the Marketplace Morning Report co-hosted by Bill Radke and Steve Chiotakis that wraps up the…