France to promote coal, carbon taxes

French Prime Minsiter Dominique de Villepin said on Monday that the French government would establish a domestic coal tax, and push for a carbon tax on industrial goods from countries that ignore the Kyoto Protocol, according to reports.

De Villepin said that the coal tax and a 10-percent increase in taxation of industrial and air transport pollution would take effect on January 1, 2007.

France would present European partners with proposals early next year for a "carbon tax" on imports of industrial goods from countries that "refused to commit themselves in favor of the Kyoto Protocol after 2012," he said.

The new taxes, which would not be levied on the industrial groups that already benefit from environmental certifications, are estimated to raise around 50 million euros (64 million dollars), to be spent on actions against global warming.

"We now have a valid argument to convince our partners that the environment is not just a constraint but also a wonderful opportunity for economic development," De Villepin added.

Source: Xinhua



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