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Japan: Oil, coal, natural gas subject to green tax from Oct. 1
The government will introduce an environmental tax in October, a move likely to trigger broad-based price hikes on products such as electricity and plastic.
The tax, to be imposed on oil, coal, natural gas and other fossil fuels, is designed to help curb emissions of carbon dioxide, a key heat-trapping gas that causes global warming.
Revenues will fund measures to promote renewable energy sources and support energy-saving efforts by businesses and households.
The new tax will come as an additional charge on the existing oil and coal tax, with hikes set for April 2014 and April 2016.
http://www.yomiuri.co.jp/dy/national/T120928004296.htm
The tax, to be imposed on oil, coal, natural gas and other fossil fuels, is designed to help curb emissions of carbon dioxide, a key heat-trapping gas that causes global warming.
Revenues will fund measures to promote renewable energy sources and support energy-saving efforts by businesses and households.
The new tax will come as an additional charge on the existing oil and coal tax, with hikes set for April 2014 and April 2016.
http://www.yomiuri.co.jp/dy/national/T120928004296.htm
