Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Wednesday, October 10, 2012

Is Japan's New Carbon Tax the Final Straw for its Energy Sector?

Is Japan's New Carbon Tax the Final Straw for its Energy Sector?

Japan has just announced that it will gradually introduce a new tax on carbon emissions for oil, natural gas, and coal, over the next five years. Energy costs are already very high since the closing down of all the countries nuclear power plants, and these new taxes will only see those costs increase.The tax will be introduced in three phases, with the first phase increasing existing levies by 12-31 percent, costing utilities an estimated $1.02 billion each year from 2016.So far, in order to try and protect the public from high energy prices the…Read more...http://oilprice.com/Latest-Energy-News/World-News/Is-Japans-New-Carbon-Tax-the-Final-Straw-for-its-Energy-Sector.html

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