France Set to Impose Carbon Tax to Combat Global Warming

Atlanta, Ga. 9/11/2009 02:39 AM GMT (TransWorldNews)

France has announced that they will begin to impose a new carbon tax next year as a means of combating global warming.

 

The new tax, announced by French President Nicolas Sarkozy, will cover the use coal, gas and oil and cost 17 euros per tonne of emitted carbon dioxide. Sarkozy has said the money brought in from the new tax, an estimated 4.3 billion euros, would be returned to taxpayers through tax cuts in other areas as well as “green checks.”

 

While households and businesses will be targeted in the new tax heavy industries and power firms included in the European Union’s emissions trading scheme would be exempt.

 

Critics of the new tax have said Sarkozy is simply trying to raise money to support the struggling finances of the country but the President has insisted the goal of the tax is to change France’s habits and cut energy consumption.

 

###

 

Click here for more World News

 

About YourFINDit

 

YourFindit Community is a business, music and social networking community. YourFINDit provides members with a wealth of applications that enable them to create an in depth profile within YourFindit. Profiles include an About Me, Background and Lifestyle, Videos, Photo sharing, News, Music, Blogs, unique URL and networking with other members inside the YourFINDit community. YourFindit provides ADit to each member providing them the opportunity to have an exclusive profile (no outside advertising) displaying only banner ads they upload to their pages. Members can run their own ads or give or sell their ad space to advertisers at prices the member sets.

 

To create your profile sign up and within minutes you too can have your People profile running your ads and building your network with new members daily.

 

YourFindit is owned and operated by TransWorldNews, Inc. a news and press release distribution service.

befound@finditt.com

 

News Alerts

Receive alerts for Finditt World News to your inbox. Sign up for News Alerts