🚨 NEW CARBON TAXES INCOMING 🚨
A LOT of countries have been making noises about introducing new or reformed carbon taxes 💷 of late. Including...THREAD. 1/6.
A LOT of countries have been making noises about introducing new or reformed carbon taxes 💷 of late. Including...THREAD. 1/6.
AUSTRIA
Starting July 1, Austrians will pay a new #carbontax of 30 euros (approximately $33) per ton of CO2 — a cost that’s likely to be added to consumer bills by companies. That amounts to 55 euros ($60) per ton in 2025. 2/6.
forbes.com/sites/brianpec…
Starting July 1, Austrians will pay a new #carbontax of 30 euros (approximately $33) per ton of CO2 — a cost that’s likely to be added to consumer bills by companies. That amounts to 55 euros ($60) per ton in 2025. 2/6.
forbes.com/sites/brianpec…
THE USA
According to the @WSJ, the American Petroleum Institute has drafted a proposal urging #Congress to adopt a carbon tax. The proposal suggests rebating some of the revenue collected to households & investing the rest of the money in new tech. 3/6.
wsj.com/articles/oil-t…
According to the @WSJ, the American Petroleum Institute has drafted a proposal urging #Congress to adopt a carbon tax. The proposal suggests rebating some of the revenue collected to households & investing the rest of the money in new tech. 3/6.
wsj.com/articles/oil-t…
DENMARK
Last Month, Denmark's government proposed introducing a uniform carbon tax of 1,125 Danish crowns ($164.21) per tonne of #carbon dioxide equivalent for heavy industries and the #energy sector as a way to reach its ambitious #climate targets. 4/6.
reuters.com/world/europe/d…
Last Month, Denmark's government proposed introducing a uniform carbon tax of 1,125 Danish crowns ($164.21) per tonne of #carbon dioxide equivalent for heavy industries and the #energy sector as a way to reach its ambitious #climate targets. 4/6.
reuters.com/world/europe/d…
CHINA
China’s ETS became fully operational in 2021 & is already 3 x bigger than the EU's. Now China’s ETS is about to grow 70% under plans to add heavy industry & manufacturing, making it the largest global #climatepolicy. 5/6.
forbes.com/sites/energyin…
China’s ETS became fully operational in 2021 & is already 3 x bigger than the EU's. Now China’s ETS is about to grow 70% under plans to add heavy industry & manufacturing, making it the largest global #climatepolicy. 5/6.
forbes.com/sites/energyin…
And finally, while other countries contemplate strengthening their approach carbon taxation, Scott Morrison's govt in Australia continues to try and weaponise the policy to dilute #climateaction... 🙄. 6/6.
theguardian.com/australia-news…
theguardian.com/australia-news…
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