Tuesday, March 23, 2010

Even France Backing Off a Carbon Tax

The BBC is reporting that even France is backing off of the idea of a carbon tax, coming after the near-collapse of cap-and-trade proposals in the US Congress.

There are some particularly interesting parts of the articles, admitting that it would be a burden and that it would damage the economy:

Prime Minister Francois Fillon told parliament that the government should focus on policies that increased France's economic competitiveness.

France had been rethinking the tax after a court rejected it last year.

The Constitutional Council said there were too many exemptions for polluters in the tax plan, and that a minority of consumers would bear the burden.

Wow. Even France is catching on.

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