'Too high' green taxes attacked.GREEN taxes are far higher than is necessary to offset the cost of Britain's carbon emissions, a pressure group said today.Households pay pounds 19.6bn a year too much in taxes on flights, fuel and their cars, the Tax Payers' Alliance said. The total burden of green taxes and charges was pounds 24.2bn in 2007/08, even though the social cost of the UK's entire output of greenhouse gases was pounds 4.6bn, say estimates from the Intergovernmental Panel on Climate Change “IPCC” redirects here. For other uses, see IPCC (disambiguation). The Intergovernmental Panel on Climate Change (IPCC) was established in 1988 by two United Nations organizations, the World Meteorological Organization (WMO) and the United Nations Environment . The Government estimates the cost of greenhouse gas greenhouse gas n. Any of the atmospheric gases that contribute to the greenhouse effect. greenhouse gas emissions as pounds 16.3bn, which would mean green taxes are still pounds 7.9bn too high, the Alliance said. A spokesman said: "Green taxes are far higher than is necessary to pay for our carbon footprint, which loads an unfair burden on to hard-pressed British families and businesses. "With the credit crunch Credit Crunch An economic condition whereby investment capital is difficult to obtain. Banks and investors become weary of lending funds to corporations thereby driving up the price of debt products for borrowers. squeezing household budgets people can ill afford this extra tax grab. It's dishonest to wrap revenue-raising tax hikes in a green banner." |
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