December 30th, 2009
France's new tax on carbon emission was set to take effect on January 1st. But France's Constitutional Court has struck down the law, according to Bloomberg, because it had too many loop holes.
France's constitutional court rejected a proposed tax on carbon emissions, saying a web of exemptions violated the principal of equality and rendered efforts to cut greenhouse gas emissions ineffective.
The law set a tax of 17 euros (just over $24) per ton of carbon dioxide emssion. The French government hopes to put forth new proposal to replace th struck down law by January 20th.