https://www.reuters.com/business/energy ... 021-10-03/Austria will implement a carbon levy of 30 euros per tonne next year as part of an overhaul of the tax system that officials said on Sunday would reward behaviour that helps protect the environment while cutting corporate and income taxes.
Chancellor Sebastian Kurz, whose conservatives govern in coalition with the Greens, called the package which will provide a cumulative 18 billion euros ($21 billion) of tax cuts through 2025 the biggest tax revamp in modern Austrian history.
The carbon levy will start in mid-2022 and rise to 55 euros per tonne in 2025.
The government will cushion the blow of higher travel and heating costs via regional "climate bonuses" of 100 euros per year for urban dwellers and up to 200 euros for people who live in the countryside, where public transport is less available.
They're using the money raised to drop corporation tax and higher income brackets, while also reducing health insurance costs and increasing child benefit.
So forward-thinking Conservatives can also achieve their policy goals (cutting taxes for corporations and the wealthy) alongside introducing Paris-compliant measures - it needn't be an opportunity available only to the left. It's just a shame, for right-wingers and indeed the world, that so many conservative governments around the world hitched their wagon instead to denying science and trying to keep a dying industry on life support.