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France to Assess Annual Tax on Most-Polluting Vehicle Owners

Posted on July 01, 2008

photo by Adam ComerfordWhile pure free-marketeers will continue to argue that eco-taxes interfere with the pure functioning of markets, it is increasingly being acknowledged that some means of incorporating the environmental costs of a product must be included into the price which the consumer pays. If this is done if environmental externalities and internalized into prices, in ecological economics speak then the true lifecycle costs of a product are taken into account, and a more informed decision can be made on the part of the consumer. In a practical example of this, France has expanded...

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