France and Italy call for international carbon tax

France and Italy call for international carbon tax

Products imported from outside the EU should pay a tax on its carbon footprint, say Sarkozy and Berlusconi

French and Italian leaders are demanding countries outside the EU pay a
carbon tax.

French president Nicholas Sarkozy and Italian prime minister Silvio
Berlusconi are calling for countries which do not have to comply with EU
regulation on environmental standards pay a carbon tax on products imported into
the EU.

The leaders sent a joint letter to Jose Manual Barroso, head of the European
Commission, stressing “It would be unacceptable if the ambitious efforts already
agreed by the EU to reduce greenhouse gas emissions… were compromised by
carbon leaking due to… insufficient action by certain third countries,”
taxnews.com
reported.

The letter continued that an environmental tax could be used to pressurise
other countries outside the EU to manage and reduce its carbon emissions.

Sarkozy said earlier this year it did not help trade or the environment if
products from other countries, which do nothing to tackle climate change, can
still be imported into the EU.

The European Commission is due to report in June this year on pollution
levels in the EU and hopes to make recommendations on ways to reduce it.

Further reading:

Sarkozy
fights for carbon border tax

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

1m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article