About: carbon tax Archives

Is the EU committed enough to increase taxes on fossil fuels? That is a question that needs to be raised now considering the long-running debate on the best measures, including energy taxation, to reduce greenhouse gas emissions, write Kai Schlegelmilch and Zoltán Szabó.

The European Parliament and several member states, including France, have excluded new coal plants from future financing under the EU’s reformed carbon market. EURACTIV France reports.

More than $1.5 trillion in company profits worldwide could be erased by taxes required to meet the Paris climate agreement, according to analysis by global investment manager Schroders. EURACTIV’s partner The Guardian reports.

Green lawmakers in the European Parliament have raised the stakes in the proposed overhaul of the EU carbon market, saying they would reject any deal that leaves the cement sector off the hook when the reform comes to a vote next week.

The uniformity of the EU’s response to Brexit has been striking but today the first cracks in that carefully crafted unity appeared.

EU leaders should see public debt reduction as a long-term challenge and not be afraid of making investments for the future. Cutting debts quickly can increase unemployment and make a country worse off, Xavier Timbeau told EURACTIV France.

The Green/EFA group stole the show ahead of the announcement of the results of the work of the “Monti group” on own resources for the future EU budget, by tabling an alternative report focusing on “green own resources”.

The French energy transition law, passed last week, will quadruple the country's carbon tax for fossil fuels by 2020. Journal de l'Environnement reports. 

The reduction in oil prices should be a good opportunity for Europe to put in place the appropriate tools for combating climate change, and to start the transition to a sustainable economy, writes Alberto Majocchi.

In the debate over the future of the EU’s Emissions Trading System (ETS), a diverse and increasing vocal array of figures cutting across party lines has spoken out for an old-new way of cutting CO2 emissions: a carbon tax.

Europe has failed to raise carbon prices enough to spur green energy use but now the emissions trading system (ETS) could face its final blow in a European Parliament vote on 19 February.

Europe is staring at a ‘lost decade’ that will make decarbonisation impossible and reduce carbon credits to the value of ‘junk bonds’ unless politicians back a carbon market reform package, the head of Europe’s electricity industry association has told EURACTIV.

Norway is to double the carbon tax on its North Sea oil industry and set up a £1bn (€1.23bn) fund to help combat the damaging impacts of climate change in the developing world.

France's conservative government is including a new one-off carbon levy in its €11 billion cuts package, but weakening growth may spell even more belt-tightening to meet sacrosanct deficit targets.

Britain's plan to introduce a price floor for carbon emissions permits from 2013 could push the UK carbon price to €54 a tonne by 2020 and harm UK businesses, Point Carbon analysts said.

The British government is "highly likely" to block European Commission proposals for a carbon tax contained in a widely-circulated draft version of the Energy Taxation Directive, EU diplomatic sources said yesterday (12 April).

Traders such as tour guides and plumbers should be able to ply their wares across member states by flashing professional ID cards under proposals designed to re-launch the Single Market Act this week.

'Don't tax what you earn, tax what you burn' should be the EU's response to safeguarding our welfare societies, EU Climate Action Commissioner Connie Hedegaard told EURACTIV in an interview, expressing support for an EU carbon tax. She spoke about progress in international climate negotiations and the EU's efforts to stay ahead of the game.

'Don't tax what you earn, tax what you burn'. In an interview with EURACTIV, EU Climate Action Commissioner Connie Hedegaard throws her weight behind an EU carbon tax and speaks about Europe's efforts to stay ahead of the game in international climate negotiations.

Proposals for a European carbon tax have been kicked into the long grass following a debate between EU commissioners, who face divisions between member states whilst the effects of the financial crisis are still being felt.

European commissioners will start talks on introducing minimum tax rates for carbon on Wednesday (23 June). But it is still unclear when and if Tax Commissioner Algirdas Šemeta's suggestions will develop into a formal proposal.

The EU could cut emissions by 30% by 2020 without incurring any additional costs, according to Niklas Höhne, director of energy and climate policy at renewable energy consultancy Ecofys. But the switch to a higher target needs to be balanced across sectors, he told EURACTIV in an interview.

The EU could cut emissions by 30% by 2020 without incurring any additional costs, according to Niklas Höhne, director of energy and climate policy at renewable energy consultancy Ecofys. But the switch to a higher target needs to be balanced across sectors, he told EURACTIV in an interview.

France will seek an agreement with the US on a carbon border tax and is convinced that other EU states will come on board if Washington supports it, according to French Environment Minister Jean-Louis Borloo. EURACTIV France reports.