Portuguese emissions tax to buy Kyoto credits

Government plans to tax greenhouse gases, use funds to buy credits on emissions trading market

The Portuguese government could introduce taxes on carbon dioxide (CO2) and methane emissions and use the revenue to offset the anticipated burden of buying greenhouse gas emission credits in the future emissions market. Portugal is one the countries furthest from meeting their Kyoto commitments under the EU's burden-sharing agreement (EED 06/05/03).

Junior environment minister José Eduardo Martins told ENDS Europe DAILY the initiative would "collect revenues to acquire emission credits in the international Kyoto market" by applying emissions taxes to "the sectors not covered by the EU directive on emissions trading".

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