January 26, 2015
International oil prices have declined to $ 50/barrel, levels not seen for years; but governments fail to neutralise these ultra-low prices by raising excise taxes. They seem to be much more interested in pleasing consumers than in seizing the opportunity for reducing their budget deficits and fighting climate change.
This is irresponsible! Have governments completely stopped being guided by long-term concerns. Are they no longer able to be flexible?
Why have we not heard calls from IEA or OCDE to resort to higher oil taxation?
Why does the UN in charge of the December Climate Conference in Paris remain silent? Should a rise or the introduction of excise taxes on gasoline, diesel and heating fuels not a be a simple “contribution” against climate change which it has invited all governments to submit before the Paris Climate Conference ?
Why has the EU Commission not recommended member states to raise their taxes ?
If it takes so long to decide on a simple excise tax, how long will it take governments to take more complex action against climate change?
In a rapidly changing world, governments must learn to act much faster than last century!
Brussels 25.01.2015 Eberhard Rhein