Tax on carbon emissions needs to rise significantly in order to offset a
collapse in the price of carbon, parliament’s environmental audit committee has
The recession has caused many big companies to be left with more carbon
allowances than they need, resulting in a dramatic drop in the price of carbon
and threatening the success of Europe’s Emissions Trading Scheme.
The committee is calling for the government to introduce new measures such as
a new carbon tax to raise the price of carbon from its current level of €15 a
tonne to around €100, reports the Guardian.
“If the government wants to kick-start serious green investment, it must step
in to stop the price of carbon flatlining,” said committee chairman Tim Yeo.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states