Dormann: Carbon tax too costly
Hoechst chairman and European Chemical Industry Council (Cefic) president Juergen Dormann says he is {open_quotes}highly dismayed{close_quotes} by the European Commission`s recent decision to introduce an energy tax. Speaking at the recent Forum on Chemical Industry Competitiveness in Brussels-delegates to which included European industry commissioner Martin Bangemann - Dormann said electricity and gas prices in Europe are already 51% and 33% more expensive, respectively, than those in the U.S. {open_quotes}I feel the commission does not take Cefic`s voluntary energy efficiency program seriously,{close_quotes} say Dormann. Under the program, Cefic`s members have pledged to increase energy efficiency by 20% between 1990 and 2005. Hoechst has calculated that the proposed energy tax would increase its costs by about Ecu10 million in 1998, which will increase by Ecu34 million ($27 million)/year until 2002, Dormann adds.
- OSTI ID:
- 549220
- Journal Information:
- Chemical Week, Journal Name: Chemical Week Journal Issue: 17 Vol. 159; ISSN CHWKA9; ISSN 0009-272X
- Country of Publication:
- United States
- Language:
- English
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