Oct 27 (Reuters) – The Czech government plans to slap about 30 percent tax on carbon dioxide emissions allowances granted to power generation companies in 2011 and 2012, Industry and Trade Minister Martin Kocourek said on Wednesday.
Continue Reading at Reuters
| Sourced From Telegraph |
From November, a zero VAT rate put in place as an interim measure to combat scams is being replaced by a new system whereby the customer, rather than the supplier, has to account to HM Revenue & Customs (HMRC) for VAT.
| Sourced From Independent |
IRELAND’S dairy processors have been managing CO2 emissions since 2005.
Due to their scale, the majority of dairy processors participate in the Emissions Trading Scheme (ETS), whereby they are limited in the quantity of CO2 that they can emit annually.
March 23 (Bloomberg) — European Union carbon permits slid along with German power after the nation, western Europes largest emitter, and Austria sold spot allowances today, boosting supply.
Continue Reading at BusinessWeek
| Sourced From Blogs.wsj.com |
More fun and games as the Senate grapples with the climate bill. The latest twist: Senators from coal-dependent states are pushing hard to ease the pain for power companies that rely on coal.
| Sourced From CFO.com |
The sweeping 1,400-page energy bill passed by the House of Representatives in late June, and now on its way to the Senate, contains the makings of a new asset class for affected companies: carbon emissions allowances. Further, the proposed legislation, dubbed the American Clean Energy and Security Act of 2009, would also create new liabilities for companies that are unable to comply with the new proposed carbon emissions rules.
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