Ecological tax reform could create over a million jobs and raise $78 billion (euros 75.2 billion) from taxes on energy, transportation and waste disposal over the next 10 years, according to a study prepared for the German Environment Agency. The authors suggest a phased-in plan that goes beyond present eco-taxes that would shift the tax burden to resource use and pollution. Energy costs would rise by 40 percent, energy consumption would decrease by 13 percent and gas would decrease by 25 percent. Germanys Parliament is scheduled to debate the second phase of the eco-tax reform the results of which will be become law on January 1, 2000.
The German Institute for Economic Research and the Financial Research Institute at Cologne University conducted the study.
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