Iain Mckie gives the lowdown on a new tax raising power the UK is negotiating with the EU. So much for Cameron “getting rid of this green crap”
Guest Blog by Iain McKie, UKIP Parliamentary Candidate 2015 Isle of Wight
The UK and Czech Republic have suggested that they might depart from the standard formula on reducing greenhouse Gas Emissions, and use a ‘light touch‘ in order to reach their 2030 target.
Don’t be fooled into thinking that this lets the UK off the hook on the targets. Far from it. It is more likely to increase the UK’s environmental tax base.
The central revenue generator for emission taxes is the EU ETS which covers the following: power, ironsteel, ceramics, cement, refineries, pulp, glass, air travel, and from 2016 shipping. It covers the following gases: sulphur hexafluoride, per fluorocarbons, hydro fluorocarbons, methane and nitrous oxide. The methodologies are standardised by the EU and the system is inflexible.What the UK is proposing is called a Nationally Appropriate Mitigation Action (NAMA). This means that the UK can effectively expand the…
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