Czechs approve taxes on carbon permits, solar

subscribe

The lower house of the Czech parliament approved taxes on solar power and carbon dioxide emissions allowances granted to electricity firms as a response to a boom in expensive solar energy.

The government aims to stem fast expansion in solar plants, which enjoy high price tariffs that power distributors must pay for solar power, with a 26 percent tax on solar power revenues.

A separate tax charging traditional electricity makers 32 percent of the value of carbon emissions permits granted to them for free in 2011 and 2012 is aimed to raise revenue to subsidize power prices raised by the rising proportion of solar power in the overall energy mix.

Related News

hydro dam

Hydropower Plants to Support Solar and Wind Energy

LONDON - Hydropower plants can support solar and wind power, rather unpredictable by nature, in a climate-friendly manner. A new study in the scientific journal Nature Sustainability has now mapped the potential for such "solar-wind-water" strategies for West Africa: an important region where the power sector is still under development, and where generation capacity and power grids will be greatly expanded in the coming years. "Countries in West Africa therefore now have the opportunity to plan this expansion according to strategies that rely on modern, climate-friendly energy generation," says Sebastian Sterl, energy and climate scientist at Vrije Universiteit Brussel and…

READ MORE
berlin-launches-electric-flying-ferry

Berlin Launches Electric Flying Ferry

READ MORE

Hydrogen 7

BMW boss says hydrogen, not electric, will be "hippest thing" to drive

READ MORE

old dam

Some old dams are being given a new power: generating clean electricity

READ MORE

bruce power plant

Operating record for Bruce Power as Covid-19 support Council announced

READ MORE