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Austria mulls deferring carbon tax as inflation concerns grip market

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Due to rising energy prices and public criticism, the Austrian government is considering delaying the implementation of carbon tax until October, reported Euractiv.

The carbon tax scheme, which was at first scheduled to come into force on July 1, will cost power plants 30 euros for a tonne of carbon dioxide emitted.

“In the midst of this serious (energy) crisis, the chancellor has the responsibility to ensure that the Austrian population is relieved from the burden. But unfortunately, the opposite is the case,” said Hans Peter Doskozil, the Social Democrats’ governor of Burgenland. The carbon tax, according to him, would be implemented at the wrong time.

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