New initiatives needed to redress green tax decrease

New initiatives needed to redress green tax decrease

Decreasing share of environmental taxes in the EU signals need for Environmental Fiscal Reform and carbon price floor. In a report published on April 22 [1], Eurostat announced that environmental taxes in the EU amounted to €343.6bn in 2014, compared with €282.0bn in 2004. However, the share of environmental taxes in total revenues from taxes and social contributions has decreased over this 10-year period, from 6.8% in 2004 to 6.3% […]

As Cyprus designs a green tax shift, what successes can it look to?

As Cyprus designs a green tax shift, what successes can it look to?

As work begins in Cyprus to implement a green tax shift, Green Budget Europe looks at the 1998 – 2013 reform process in Germany, Europe’s most successful example to date. Cyprus is the latest country to show a progressive stance to reduce labour taxes in the midst of high levels of unemployment. The government has recently decided to form a “Working Group on Green Tax Reform” led by Theodoros Zachariadis, an […]

GBE’s James Nix: water charges help us respect a scarce resource

GBE’s James Nix: water charges help us respect a scarce resource

Putting a price on water prompts us not to waste it, decreasing the overall amount that must be treated and pumped. Remove water charging and the financial incentive to use water sparingly is gone. Other taxes would need to rise to cover the higher volumes of water that need to be supplied. A likely outcome of removing the charges would be that more money would be needed than was previously […]

Diesel cars are worse for the climate and warrant higher tax

Diesel cars are worse for the climate and warrant higher tax

James Nix is published in the Financial Times with regards to the impact of diesel cars on the climate: “Europe has ducked its obligations on diesel cars” noted the FT on Saturday (31 Oct), adding that EU limits on NOx and particulate emissions should be enforced. The FT also touched on one of reasons diesel has, to date, been favoured in the EU, suggesting that diesel engines were “more efficient […]

James Nix: Volkwagen crisis provides pretext for overdue rise in tax on diesel

James Nix: Volkwagen crisis provides pretext for overdue rise in tax on diesel

GBE’s Director James Nix is published in The Irish Times surrounding the need for re-balancing taxes on diesel and petrol in light of the recent diesel-gate. ———- Most European countries, Ireland included, reshaped their car tax systems around the time of the 1997 Kyoto protocol on climate change. At the time, scientific studies showed that diesel cars emitted 5-10 per cent less climate pollution and, in a bid to stem climate […]

EU takes step backward on fossil fuel subsidies

EU takes step backward on fossil fuel subsidies

Green Budget Europe Director James Nix writes in EU Observer: The G7 leaders’ meeting in Germany agreed on Monday to “decarbonise the global economy in the course of this century”. For Germany, the US and the UK, the commitment follows on from their existing pledges to cut emissions 70 – 95% by mid-century. But for Canada and Japan, the G7 statement signals significant change. For the last decade or more, […]

End fossil fuel subsidies without further delay

End fossil fuel subsidies without further delay

Green Budget Europe Director James Nix writes in today’s Financial Times: On June 1, six of Europe’s largest oil and gas companies (BG, BP, Eni, Shell, Statoil and Total) wrote to the UN calling for carbon taxation. This is a welcome development, signifying that many major fossil fuel companies now acknowledge the damage their products do to the world’s climate and, by extension, its inhabitants, present and future. Many commentators […]

Commission must tackle fossil fuel subsidies

Commission must tackle fossil fuel subsidies

Green Budget Europe Director James Nix writes in Euractiv: There is a growing global awareness of the real cost of fossil fuels. Last week, the International Monetary Fund (IMF) estimated that global fossil fuels subsidies will reach $5.3 trillion in 2015 (6.5% of the global GDP). The IMF study shows coal and oil to be the most heavily subsidised energy sources. In addition to encouraging CO2 emissions, these subsidies raise air […]