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CO2 Tax in Europe?
Published 29th September 2009 - 5 comments - 1506 views -
The idea of CO2 taxation of fuels in Europe is not new. Now Euractiv says that the European Commission is planning to propose a new CO2-related component that is designed to complement a general tax on energy consumption.
The draft suggests that a minimum levy of €0,01 per kilogramme of CO2 could be added to the price of heating fuels like gasoil, kerosene and natural gas. Motor fuels would be taxed either €0,01 or €0,03 per kg/CO2, depending on where they are used.
There are exemptions provided, such as due to distribution imbalances, and a general transitional period for Eastern European Member States until 2021. There is also an idea to pass the draft under the rules of enhanced cooperation. That will allow dissenting Member States to opt out of the new rules.
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About the author
Vihar GeorgievSofia, Bulgaria
PhD Student
I have been particularly interested in climate change during the last five years. It is a favorite writing topic in my blogs for EU law. However, my interest in climate change is also professional. During the last four years I have been working in a financial consultancy in Bulgaria with a focus on renewable energy (RES) and energy efficiency (EE) projects.
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Vihar - you are right, the idea is not new, but I think that nobody would be happy to pay CO2 Tax, especially in Bulgaria. I can’t believe that the taxes will solve the eco problems.
It is a huge debate, Yordanka. This is a good roundup of current political positions: http://www.carbonoffsetsdaily.com/europe/europe-warming-to-carbon-tax-15153.htm
So double taxation of the car owners, right?
Once you pay CO2 tax for your new car (if applicable) and
second - as payment for the fuel?
The details are murky. But it may be so, yes.
We must develop new energies because peak oil is now and the price of oil must increase.
I we wait it is time lost!