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Potential Carbon Tax for EU, France

After it rotates into the EU presidency in July Sweden will push for a Europe-wide tax on CO2. France will seek the same nationally in 2011. Sweden considers its own tax scheme on fuel and diesel to have been a success. Europe's emissions trading scheme, the EU's flagship climate instrument, already sets a price on carbon for industrial emissions. But Sweden says this still leaves 60% of emissions untouched and that a tax as the best way to bring them down. The French government is arguing similarly, claiming that emissions trading is not a suitable instrument for reducing emissions from all sources as it can cover only 38% of the country's CO2 emissions. A link to France's Green Plan is available on RRI's website at: http://www.rri.org/greenplans_france.html

Posted on June 12, 2009 3:06 PM |

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