Carbon tax : It is important to protect the purchasing power

LE FIGARO. - If the carbon tax sparks controversy in France, you can show that the examples multiply abroad. "Japan affects the entirety of the tax to reduce

Carbon tax : It is important to protect the purchasing power

LE FIGARO. - If the carbon tax sparks controversy in France, you can show that the examples multiply abroad.

"Japan affects the entirety of the tax to reduce emissions," explains Benoît Leguet. Credit : I4CE

Benoît LEGUET. - indeed, many countries have put in place a carbon price. Our last report identified 46 countries and 26 provinces - 60% of global GDP - that have generated 32 billion dollars in revenue in 2017. But be careful, there are major disparities between price and tariffs do not cover the whole economy because of exemptions, in particular the industrial. France is not the only country to experience difficulties in increasing taxation on carbon and energy. For example, in Indonesia, it took twenty-five years to decrease subsidies for fossil fuel energy.

What are the different ways of taxing emissions?

There are three systems: carbon taxes, emissions quotas - which is the case in the european Union and the reform of subsidies to fossil fuels. These grants are often used to buy peace ...

Updated Date: 14 February 2019, 00:00

Kathleen Lees

Lees


Contact Details

You need to login to comment.

Please register or login.

RELATED NEWS