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Switzerland threatens 40 per cent carbon tax rise if targets not met

Posted on 15 July 2014

Switzerland threatened on Monday to raise its tax on greenhouse gas emissions from the energy sector by 40 per cent if companies regulated by the country’s emissions trading system do not meet government-imposed targets this year.
The Swiss environment ministry said the tax would jump to 84 francs ($94.25) per tonne of carbon dioxide (CO2) in 2016, from 60 francs currently, if power-related emissions are reduced by less than 22 per cent below 1990 levels by the end of this year……………………………………….Full Article: Source


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