The French government has called on the European Union to work on creating a tax on bunker and aviation fuel as part of its strategy for reducing carbon emissions and achieving a sustainable environment. The French Finance Minister Bruno Le Maire commented that taxes for carbon emissions should be implemented also to aviation and ships, not only to cars.
This animation video, produced by the European Parliament, explains how the EU’s Emissions Trading System works with the aim to discourage industries from emitting CO2 by making it cheaper to go green. However, due to the financial crisis, some modification have been made.
BG Group has joined the World Bank Carbon Pricing Leadership Coalition (CPLC), an initiative which supports carbon pricing systems and policies.
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