Tuesday, 13 October 2009

EU mulls carbon tax to curb global warming

The European Commission is considering imposing an EU-wide tax on CO2 emissions on sectors such as transport and agriculture, which are currently not covered by the bloc's cap-and-trade scheme for carbon dioxide. The proposed amendment of the 2003 Energy Taxation Directive would oblige member states to levy a CO2 tax on fuels in order to cut emissions. The Commission reckons that the EU's policy framework has "changed radically" since the adoption of the existing legislation, which it wants to bring in line with the bloc's ambitious climate goals.

Source: Euractiv