-
Austria to institute new carbon tax
Date posted:
-
-
-
Post Author
Patrick LaveryCombustion Industry News Editor
-
![Parlamentsgebäude](https://ifrf.net/wp-content/uploads/2021/10/Parlament_Wien-DSC_0238w-320x109.jpg 320w,https://ifrf.net/wp-content/uploads/2021/10/Parlament_Wien-DSC_0238w.jpg 1280w,https://ifrf.net/wp-content/uploads/2021/10/Parlament_Wien-DSC_0238w-150x51.jpg 150w,https://ifrf.net/wp-content/uploads/2021/10/Parlament_Wien-DSC_0238w-470x160.jpg 470w,https://ifrf.net/wp-content/uploads/2021/10/Parlament_Wien-DSC_0238w-768x262.jpg 768w)
The ruling coalition of the Austrian People’s Party and the Green Party has decided upon the implementation of a new carbon tax as part of a major reform of Austria’s tax system, as Reuters reports. As of mid-2022, a €30/tonne (US$34.8) levy will come into play, rising to €55/tonne (US$63.8) in 2025. Travel and heating costs are expected to rise under the levy, but this will be offset by regional ‘climate bonuses’ of €100/yr for urbanites and €200/yr for those living in the countryside. While it is unclear from the report, the new carbon tax will presumably be in addition to the EU’s Emissions Trading System.