| Sourced From Theage.com.au |
The Australian Government insists that it is not changing its plan to launch an emissions trading scheme in just over a year’s time, but the pressure to do so is rising as bad economic numbers roll in, and the advice it is getting from the business community has split in a very interesting way.
| Sourced From Spaceref.com |
Some of the substances that are helping to avert the destruction of the ozone layer could increasingly contribute to climate warming, according to scientists from NOAA’s Earth System Research Laboratory and their colleagues in a new study published today in the journal Proceedings of the National Academy of Sciences.
| Sourced From Environmental-expert.com |
The European Commission has cleared under EC Treaty state aid rules a Danish project to grant CO2 tax relief to companies covered by the EUs Emissions Trading Scheme (EU ETS), subject to conditions. After an in-depth investigation, opened in September 2006 (see IP/06/1274 ), the Commission concluded that if the proposed full tax exemption would be implemented, some of the environmental objectives which a tax on energy products aims to achieve would be lost. The Commission also had concerns that a full tax exemption would distort competition by increasing tax differentiations in an area where the EU has harmonised taxes and set tax minima to create a level playing field between companies. The Commission therefore approved the measure under the condition that it is amended so that all concerned companies pay an energy tax respecting at least the harmonised minima tax levels.
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