Bursik says environmental tax reform will trigger increase in coal prices

The Green Party Minister for the Environment Martin Bursik has announced that a new environmental tax reform should be in place by January 2008, which would see an increase of around ten percent in coal prices. The January deadline for the reform has been set by the European Union, which hopes to gradually introduce a series of environmental taxes over the next decade aimed at encouraging companies and individuals to be more eco-friendly. Mr Bursik added that the introduction of this tax would only have a slight impact on the price of gas and electricity. New laws will have to be adopted this year in order for the reform to be implemented on time.

Author: Coilin O'Connor