September 10, 2009

WHAT'S THE FRENCH FOR NEOCONOMICS?:

France's Sarkozy urges carbon tax (GREG KELLER, 9/10/09, The Associated Press)

The tax would be initially based on the market price for carbon dioxide emissions permits, which is now euro17 ($24.74) per ton of carbon dioxide, Sarkozy said. At that level, the government expects to raise euro3 billion, which will be entirely returned to households and businesses through a reduction in other taxes or repaid via a so-called "Green Check," Sarkozy said.

The result would be a shift of the tax burden from other revenue sources to energy derived from fossil fuels in an effort to discourage their use.


Kind of sad that the French have to lead the way, but at least someone is.

Posted by Orrin Judd at September 10, 2009 1:04 PM
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