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Old 09-10-2009, 05:31 AM
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Default Nicolas Sarkozy is to promote a controversial plan to tax carbon emissions by individ

A new story entry has been added:

Nicolas Sarkozy is to promote a controversial plan to tax carbon emissions by individuals and businesses

Quote:
Prime Minister Francois Fillon told a newspaper last week that the tax would be euro14 ($20.20) per ton of C02 — but Sarkozy quickly stepped in and said nothing was yet decided. The Rocard commission had suggested a price of euro32 ($46.15) per ton of C02.
A tax of that size would raise euro8 billion ($11.5 billion), which the government has pledged to redistribute through cuts in other levies and charges.

For individuals, a tax of euro32 per ton of C02 would amount to an average additional euro160 ($230) per year, half on heating gas and half on gasoline or diesel fuel, said Gael Callonnec, an economist at the French Environment and Energy Management Agency, a public agency that advised the government on the plan.
A tax of this size would be equivalent to an 8-centime increase in the price of a liter of unleaded gasoline (roughly 3 US cents per gallon), Callonnec said.
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