Sarkozy ran for his Presidency on the promise of climate reform legislation in France, and now even he is questioning the effect such legislation will have on the ability of France to compete globally.
With the French version of the Supreme Court saying the planned 4.5 billion euro annual tax was unfair in its coverage (55% would have come from households, 45% from industry... but only industry had any tax breaks to hide behind), it isn't really all that surprising, is it? Only four EU states have implemented a carbon tax to date (Ireland, Finland, Denmark and Sweden) and none of those four are very likely to show any benefits from the tax, either in revenue or reduced carbon emissions, but all are likely to show a drop in competitive market shares both in the Union and globally. So, Sarkozy thinks France should "wait and see"...
Let's remember this position the next time someone says we should be doing things more like they are in Europe, okay?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment