Brussels green lobby group the European environmental bureau held its annual conference this week, devoted to the environmental reform of EU fiscal policy in support of a campaign launched last year. A major campaign focus has been adoption of the draft EU energy taxation framework (EED 27/11/01). Several environment and finance ministers plus environment commissioner Margot Wallström attended.
Keynote speaker Ernst von Weizsäcker, an environmental economist and German MP, urged the EU to embark on a "gently increasing price corridor" by raising taxes on scarce resources such as energy and raw materials. This would create efficiencies through "energy cascades" and boost secondary material markets.
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