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EU may consider carbon tax

March 5, 2010 at 9:34 PM   |   Comments

BRUSSELS, March 5 (UPI) -- Algirdas Semeta, taxation commissioner of the European Union, says the time is right to introduce a tax on carbon emissions.

In an interview with the European Voice, a weekly newspaper in Brussels, Semeta said a draft bill might be submitted to the European Commission next month.

Whether a Europe-wide tax can win approval is another question, the EU Observer reported. Laszlo Kovacs, the previous taxation commissioner, proposed a carbon tax in 2008, but the plan was dropped.

Britain has already said it would oppose such a tax and several other states are likely to agree that tax policy is a national prerogative. Several European countries, mostly in Scandinavia, already tax carbon emissions.

© 2010 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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