French government 'plans to abandon carbon tax'

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French press report, citing sources, said the unilateral carbon tax, announced by environment minister Ségolène Royal in May as a spur for other countries to do the same, was now considered too complicated to introduce and might be unconstitutional.

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The French government is set to drop plans to introduce a carbon tax, reported French financial daily Les Echos. The newspaper, quoting several sources, said the socialist government will not include the carbon tax in a draft 2016 budget update currently being discussed, reports Reuters.