Ecotaxes

Apr 23rd 2007
From the Economist Intelligence Unit ViewsWire

Are taxes the best means to cut greenhouse emissions?


The ambitious goals set by EU leaders in March at the Brussels summit–a 20% cut in greenhouse gas emissions by 2020 and related targets for energy savings, biofuels and other renewable energies–is unlikely to be achieved, at least without the use of environmental taxes to induce changes in businesses’ and consumers’ behaviour. With its consultative green paper issued end-March, the European Commission has now kicked off a wider debate on the subject. Conservation groups, however, accuse the Commission of being too timid.
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