CrisisWatch

Economy & development

Robin Hood Tax

The Euro-area Summit of 29 June 2012 included the Financial Transactions Tax (FTT) or “Robin Hood Tax”, in its conclusions. Based on a February letter of nine EU member states (Italy, France, Germany, Austria, Belgium, Spain, Finland, Greece and Portugal) to the Danish Presidency, the Summit included the FTT in its agenda. However, no clear conclusion was reached, primarily due to the reaction of a block of member states led by the UK....
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EC calls for taxation shift from labour to environment

“To   sustain   fiscal   consolidation,   several   Member   States   are   raising   taxes.   The  Commission has called for a shift in taxation away from labour towards environmentally-harmful practices, consumption and real estate, while ensuring that the burden does not fall  disproportionately  on  the  poorest  sections  of  society.  While a  number  of  Member States have significantly increased consumption taxes a...
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Ireland’s sustainable development plan

Accompanied by a package of 70 measures, the Irish government announced its sustainable economic recovery national plan.  The areas covered by the plan include the sustainability of public finances and economic resilience, natural resources, agriculture, climate change, transport, public health, education, innovation and research, education, skills & training, and global poverty. The plan also foresees an environmental tax reform and the dev...
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European Union

Due to the economic crisis, an increase in the budget of the LIFE+ financial instrument is highly unlikely, as stated by MEPs during a discussion by the European Parliament’s Environment Committee on the EC’s funding proposal for 2014-20. In its proposal of December 2011, the Commission had announced its intention to spend €3.2bn on LIFE+....
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Spain

The draft State Budget that was recently submitted to the Parliament by the Government has received strong criticism by the Friends of the Earth, Ecologists in Action, Greenpeace, SEO / Birdlife and WWF. The NGOs state that little weight is given to environmental protection in the expenditure forecasts for 2012.  The areas of environmental policy included in the Budget envisaged suffer cuts of 21% - from €2,258 million in 2011 to €1,789 mil...
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Red tape challenge

United Kingdom: The environmental section of the UK Government’s “Red Tape Challenge” initiative, led by the Department for Environment, Food and Rural Affairs (DEFRA), has caused much criticism for threatening the country’s environmental acquis. According to environmental groups, such as WWF UK, DEFRA’s declared aim to “free up business and society from the burden of excessive regulation” is welcome. However, under the pressure of...
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