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France set to impose carbon tax | France set to impose carbon tax |
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French President Nicolas Sarkozy has announced plans for a new carbon tax aimed at combating global warming. | French President Nicolas Sarkozy has announced plans for a new carbon tax aimed at combating global warming. |
The tax will be introduced next year and will cover the use of oil, gas and coal, he said. | |
The new tax will be set at 17 euros (£15) per ton of emitted carbon dioxide (CO2). It will be phased in gradually. | |
It will apply to households as well as enterprises, but not to the heavy industries and power firms included in the EU's emissions trading scheme. | |
Mr Sarkozy said revenues from the new tax would be ploughed back into taxpayers' pockets through cuts in other taxes and "green cheques". | |
The carbon tax plans have already encountered stiff opposition across the political spectrum. | |
France's Le Monde newspaper says the tax will cover 70% of the country's carbon emissions and bring in about 4.3bn euros (£3.8bn) of revenue annually. |