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France Drops Carbon Tax Proposal

by Ulrika Lomas, Tax-News.com, Brussels

24 October 2016


The French Government has postponed a proposed carbon tax on electricity generated from coal-fired power stations, French media reported.

The Government had in July 2016 accepted a recommendation from an advisory panel that a carbon tax be imposed on electricity generation from coal-fired power plants starting next year.

The proposal was much narrower in scope than the industry had been expecting, with coal now forming a tiny fraction of France's overall energy mix. The country's four coal-fired power plants accounted for less that two percent of total energy generation in 2015, with the vast majority of France's electricity demand satisfied with nuclear power.

Les Echos reported that the measure has been removed from a draft update to the 2016 Budget.

TAGS: environment | tax | energy | law | environmental tax | carbon tax | France | trade

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