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EUROPEAN COMMUNITY TAX
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Global Climate Change Digest

A Guide to Information on Greenhouse Gases and Ozone Depletion
Published July 1988 through June 1999

FROM VOLUME 5, NUMBER 6, JUNE 1992

NEWS...
EUROPEAN COMMUNITY TAX


Item #d92jun99

The European Commission released a formal proposal for the energy tax that has been under consideration since last September as the main instrument for achieving the EC goal of stabilizing CO2 emissions at 1990 levels by the year 2000. But there is a hitch: the tax is conditional on the adoption of similar measures by other industrialized countries, particularly the U.S. and Japan. Since those countries have no current intention to adopt such taxes, the EC tax seems to be indefinitely postponed. (See Intl. Environ. Rptr., pp. 283-284, May 20, 1992.) About a third of the planned CO2 reductions are to be achieved by energy efficiency plans in the member countries, but these are off to a slow start too (New Scientist, p. 16, Mar. 28).

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