|Policy Type:||Economic Instruments>Fiscal/financial incentives>Taxes|
|Climate Change Policy Targets:||Energy Sector, Electricity Generation, Fossil fuels (Coal, gas, oil)|
|Agency:||Ministry of Economics, Trade and Industry|
|Climate Change Description:|
The Ministry of Economy, Trade and Industry (METI) plans to revise the Energy Tax on fossil fuels. This revision is to be based on the amount of carbon dioxide emitted when producing energy. Under the plan: - The tax on petroleum will remain unchanged, - The tax on LNG and LPG to be increased, - A new tax on coal will be introduced (Coal used as a raw material in the manufacture of steel and other products would be excluded). The planned energy tax is to fund measures to combat global warming and to promote alternative energy sources and conservation. In addition, reduction of the Power Resources Development Promotion Tax is also considered.
|This record is superseded by:||Energy Taxes on Fossil Fuels|
Last modified: Thu, 14 Mar 2013 12:46:18 CET