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.

Please sign in to access this article. To subscribe, view our subscription options, or take out a free trial.

Please enter your details

Forgotten password?

Having trouble signing in?

Contact Customer Support at
subs@endseurope.com
or call 020 8267 8120

Not a subscriber?

Take a free trial now to discover the critical insights and updates our coverage offers subscribers.