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French carbon tax to raise 4bn for green energy by 2016

2013-09-23 11:52:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: France is set to introduce a carbon tax from next year that should generate EUR4bn from 2016 to fund investments in renewable power and energy efficiency. French Prime Minister Jean-Marc Ayrault made the announcement over the weekend outlining the details of the tax confirmed by President Francois Hollande on Friday, and also revealed plans for a levy on nuclear power plants without saying how much that would raise. The carbon tax will be levied on all fossils fuels in proportion to the emissions...

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