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Germany Explores Coal Tax on Energy-Intensive Industries

13 Aug

Although Germany is scaling back incentives for renewable energy, reports indicate the government is considering a tax on coal to make up for lost revenues as energy policies are reshuffled.

The government proposed abolishing tax breaks for energy-intensive companies, but came under fire from industry groups.  If introduced, this coal tax would target €410 million in 2011 and €710 in 2012, partially making up for revenue lost by keeping the tax breaks.

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Posted by on August 13, 2010 in Traditional Energy

 

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