Thursday, September 17, 2009

Sarkozy Plans For Carbon Tax

17 Sept 2009

French president Nicholas Sarkozy last week staked his political reputation on controversial plans to introduce a carbon tax, arguing that the unpopular proposals were essential to efforts to tackle climate change and establish France as "the world leader of non-carbon energies".

The new tax, which is to be introduced from next year, will charge individuals and businesses €17 (£15) per tonne of carbon they emit and will be levied on transport fuel and gas supplies. It is estimated to increase the price of gas by five per cent and lead to a four cent increase in the cost of a litre of petrol.

Polls have shown that around two thirds of voters are against the proposals, while business groups and rival political parties have also criticised the move arguing that it will impose additional costs on firms and disproportionately impact poorer people.


http://www.businessgreen.com/business-green/news/2249415/sarkozy-faces-carbon-tax

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