Icelandic government proposes new green taxes

Icelanders could soon have to pay an environmental charge on electricity consumption and a carbon tax on fossil fuels, according to a government proposal announced earlier this week.

The charge on electricity use is set at 0.12 krona per kilowatt hour and is expected to raise €30.4m. It is lower than what the government had initially envisaged. There would be tax breaks for greenhouse farmers and households in areas with no geothermal heating.

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