05.12.2018 - 10:09 [ Politico.eu ]

France’s fuel tax retreat dismays COP24 climate talks

France’s sudden U-turn over an unpopular fuel tax in the face of violent anti-government protests sent shivers through the COP24 climate summit.

That’s because the sight of one of Europe’s most climate ambitious countries beating a hasty retreat over a proposal that would have hiked gasoline tax by 4 cents, or just under 3 percent, highlighted the difficulty of imposing any economic pain in the name of tackling climate change.