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France to drop carbon tax plan

October 21, 2016

By Paul Homewood   

 

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http://www.reuters.com/article/us-france-carbon-idUSKCN12K2OG

 

Well, that did not last long then!

From Reuters:

 

The French government is set to drop plans to introduce a carbon tax, French financial daily Les Echos said on Thursday.

The newspaper, quoting several sources, said the socialist government will not include the carbon tax in a draft 2016 budget update currently being discussed.

Environment Minister Segolene Royal had said in May that France would unilaterally introduce a carbon price floor of about 30 euros ($33) a tonne with a view to kickstart broader European action to cut emissions and drive forward the December 2015 United Nations-led international climate accord.

The plan had pushed power prices higher in the spring.

Les Echos quoted a source as saying that the measure is too complicated to put in place and might be unconstitutional.

The paper said that state-owned electric utility EDF, which produces mostly carbon-free nuclear power, was in favor of the measure, but that gas utility Engie SA had lobbied against the tax because it would make its gas-fired power plants less competitive than similar plants in neighboring countries.

A source close to the French government told Reuters that nothing had been decided yet on the carbon tax but confirmed there were doubts about it.

"In the current context, it is difficult, due to concerns about employment, legal difficulties and security of supply," the source said.

French power prices have spiked higher in recent weeks as a series of unplanned nuclear reactor closures have led to worries about security of supply.

The government is due to receive a report about the carbon tax in coming days and will decide on it mid-November, the source said.

http://www.reuters.com/article/us-france-carbon-idUSKCN12K2OG

 

Meanwhile the UK govt is still committed to a Carbon Price Support, a carbon tax in effect, of £18/tonne CO2, on top of the EU traded price for carbon.

3 Comments leave one →
  1. markl permalink
    October 21, 2016 5:06 pm

    That should make the greenies apoplectic. Reality is slowly starting to set in after all the shouting and arm waving about eliminating fossil fuels. It sounded great to save the world but people are realizing that first it’s not necessarily true, and second it comes at a huge price to humanity and I’m not referring to money.

  2. Richard111 permalink
    October 21, 2016 5:45 pm

    The ‘carbon tax’ qualifies as a criminal offence for obtaining money by fraud. Be interesting to discuss the science in front of a judge.

  3. tom0mason permalink
    October 21, 2016 6:53 pm

    My belief is the carbon tax has just been postponed.
    Polishing the old crystal ball and casting the runes reveals these predictions for the new year —
    :mrgreen:
    New Year will see in another round of Quantitative Easing (QE) by Europe’s Central Banks. Rapidly followed by calls, by the technocrats, for carbon taxes, carbon reductions with additional money for wind farms and solar power.
    All this will be backed up by a huge publicity campaign with the theme of 2016 being the hottest year ever.

    Come February everything might look different as the freezing blast continues through Europe.

    Now where are those chicken entrails …?
    👿

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