eu pushes plans to tax carbon emissions for cleaner energy
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Coal and diesel costs to go up

EU pushes plans to tax carbon emissions for cleaner energy

Egypt Today, egypt today

Egypt Today, egypt today EU pushes plans to tax carbon emissions for cleaner energy

EU Taxation and Customs Union, Audit and Anti-Fraud commissioner Algidras Semeta
Brussels - AFP

EU Taxation and Customs Union, Audit and Anti-Fraud commissioner Algidras Semeta The European Commission pushed controversial plans Wednesday for a tax on carbon emissions to promote clean energy use by increasing the cost of dirty fuels such as coal and diesel.
The aim is "to promote energy efficiency and consumption of more environmentally-friendly products," the European Union executive said.
It would tax carbon dioxide emissions at 20 euros per tonne while also taxing the "actual energy that a product generates" -- at 9.60 euros per gigajoule for motor fuels and 0.15 euros per gigajoule for heating fuels.
The idea is for the 27 EU states "to redesign their overall tax structures in a way that contributes to growth and employment by shifting taxation from labour to consumption."
EU taxation commissioner Algirdas Semeta said the target date for adoption after negotiations with the states and the European Parliament would be 2013 -- but that industry would get until 2023 to adapt.
"A fair and transparent energy taxation is needed to reach our energy and climate targets," Semeta insisted.
He also claimed that the receipts from the new tax could create a million jobs by 2030.
The minimum tax on diesel would rise from the current 330 euros per 1,000 litres to 412 euros per 1,000 litres in 2018. The tax on petrol (gasoline) would be unchanged at 359 euros per 1,000 litres.
Most EU states already tax at levels higher than the EU minimum.
Among those hardest hit could be Luxembourg, whose low pump prices attract huge queues of commuters every day at its borders. France and Germany meanwhile have invested heavily in diesel engines, increasingly used in passenger cars.
The head of Germany's auto industry federation, Matthias Wissman, said Wednesday that the proposals should be "taken off the table" because their penalise diesel car owners and would increase road transport costs.
German Economy Minister Rainer Bruderle was equally hostile, saying he saw no merit in the plans, adding that member states should retain the right to set their own taxation regimes when it comes to energy.
The head of the commission Jose Manuel Barroso said Brussels would not give in to national pressures while Semeta acknowledged that bringing the plans to fruition would "not be easy."
Employers federation BusinessEurope said the proposals did not satisfactorily take into account the needs of businesses.
The tax system would fall mostly on the transport, construction and farming sectors -- together responsible for 60 percent of the EU's annual 4.9 billion tonnes of CO2 emissions.
Semeta said the plan could reduce emissions by 92 million tonnes per year.
Heavy industry and aviation are already covered by a separate regime of carbon credits, the Emissions Trading System.

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

eu pushes plans to tax carbon emissions for cleaner energy eu pushes plans to tax carbon emissions for cleaner energy



GMT 15:49 2011 Friday ,10 June

Oil firm wins injunction against Greenpeace

GMT 10:27 2015 Monday ,06 July

Mini to launch ‘Clubman’ in 2016

GMT 17:21 2011 Wednesday ,23 February

Lampard Desperate To Win The Champions League

GMT 10:13 2018 Tuesday ,09 January

Barcelona to unveil 160m Coutinho

GMT 23:03 2017 Monday ,16 January

Bank of Korea: Money Production Cost Rise in 2016

GMT 20:33 2011 Friday ,06 May

Asad\'s army arrests all men over 15 in Daraa

GMT 11:55 2011 Tuesday ,29 November

Ultrabooks could save the PC

GMT 13:02 2012 Saturday ,01 September

Zombies and Morons compete

GMT 07:31 2017 Tuesday ,20 June

Sisi keen on attaining unity

GMT 11:50 2015 Saturday ,26 September

The Library of Fragrance announces January launches

GMT 06:28 2014 Saturday ,18 October

Asian Junior Volleyball tourney kicks off in Bahrain
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday