It appears to be all crumbling for the elites:
- Brexit against their wishes;
- The Paris agreement;
- Trump wins popular vote in US; and now
- France to drop carbon tax plan.
The French government is set to drop plans to introduce a carbon tax, French financial daily Les Echos said on Thursday.
The newspaper, quoting several sources, said the socialist government will not include the carbon tax in a draft 2016 budget update currently being discussed.
Environment Minister Segolene Royal had said in May that France would unilaterally introduce a carbon price floor of about 30 euros ($33) a tonne with a view to kickstart broader European action to cut emissions and drive forward the December 2015 United Nations-led international climate accord.