| THE HIDDEN COSTS OF THE EU
RENEWABLES DIRECTIVE How the British Government
is raising the revenue to pay for it
Fuel Duty £23.4 billion
Raises £20bn per year over and above the cost of the amount
spent on roads
Vehicle Excise Duty £5.0 billion
These two motoring taxes cost everyone in the UK £1,095 per
year.
Landfill Tax £0.7 billion
Estimated it will cost every UK household £1,000 in 2008.
Raises up to £620 million more than would be sufficient to
meet the social costs of methane emissions from landfill.
Climate Change Levy £0.7 billion
One million manufacturing jobs lost as a direct result of the costs
of this levy.
Raises non-domestic energy bills by 8-10%
EU Emissions Trading Scheme £0.5 billion
The EU ETS has meant an annual £470 million subsidy from the
UK to the rest of the EU. Each country was allowed to set its own
targets for emissions reduction and the UK, which set a strict target,
paid a subsidy to other countries which did not. Almost every other
nation participating in the scheme made a profit
Germany, despite emitting 75 per cent more CO2 than the UK, will
pay at least €150 million less than Britain under a high emissions
price scenario, or almost €200 million less than Britain under
a low emissions price scenario. France may make a profit as its
emissions target is actually above its current level of emissions.
Air Passenger Duty £2.1 billion
Air Passenger Duty raised £1 billion in 2006-07. In 2007-08,
the government doubled the tax and revenue from Air Passenger Duty
was £2.1 billion.
APD costs the tourist industry £156m per year.
Source: The Taxpayers Alliance: the case against Green Taxes, see:
http://tpa.typepad.com/research/files/the_case_against_further_green_taxes.pdf
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