The French want a carbon tax because the European Union’s cap and trade system only covers 40% of the emissions produced by the country, excluding things like emissions from gasoline and diesel consumption. This carbon tax would cover many of the so-far excluded industries. A tax is also favored by many businesses because it makes it easier to predict the future costs of emissions, whereas the cost to emit carbon varies under a cap and trade system. The revenues from the tax would be returned to the economy through breaks in other sorts of taxes, such as business, income, and social taxes.
It should also be noted that, aside from the obvious environmental and economic goals, France loses less from such a tax than most other nations. Most of its energy production comes from nuclear power, and it has a pretty substantial surplus of cleaner (I’m using this term very loosely, I hope you don’t mind) energy than its neighbors which it frequently exports. There’s definitely an additional incentive here as well.
Click here to cancel reply.
Sorry,At this time user registration is disabled. We will open registration soon!
Don't have an account? Click Here to Signup
© Copyright GreenAnswers.com LLC