Earth Equity News

Months After Banning Fracking, France Now Has A Carbon Tax. By Emily Atkin, ClimateProgress, 12/19/13. “The French Parliament adopted [today] a budget for 2014 which includes a tax on carbon emissions from gas, heating oil and coal, according to a report in Platts. The money derived from the tax — which largely targets transport fuels and domestic heating — will be used to reduce emissions through increased installation of renewable energy throughout the country, according to the report. The move is projected to raise €4 billion, or $5.5 billion, per year by 2016, which can then spent on tax breaks for the wind and solar power industries.”