October 27, 2010 / 2:46 PM / 10 years ago

Czechs plan about 30 pct tax on carbon emissions

PRAGUE, Oct 27 (Reuters) - The Czech government plans to slap about 30 percent tax on carbon dioxide emissions allowances granted to power generation companies in 2011 and 2012, Industry and Trade Minister Martin Kocourek said on Wednesday.

The government plans to introduce the tax as one of measures to offset hikes in power prices caused by a boom in solar energy which enjoys high regulated tariffs.

“We do not want this to include heating plants, combined production of electricity and heat, and electricity generation for one’s own use, so (the tax level) needs to be around 30 percent),” Kocourek told Reuters.

The government plans to raise 4.8 billion crowns ($268.9 million) from the tax in 2011 and 2012, and plans to use the revenue to subsidise the power prices in order to avoid their double-digit growth. (Reporting by Roman Gazdik, writing by Jan Lopatka)

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