Thursday, September 3, 2009

It's Not Over Yet

The "bargaining" over the carbon tax legislation isn't over yet, according to Cécile Duflot. The president still hasn't made up his mind--in case anybody was wondering who "the decider" is in France. Since Fillon has already announced the figure of 14 euros a ton as a done deal, we'll see if that changes or if there are modifications in the various compensatory schemes promised to affected constituencies. Of course the whole idea of a carbon tax is to force people to change their behavior in consuming energy, yet the whole idea of les arbitrages, to use Duflot's word, seems to be to minimize the pain and therefore the incentive to change anything whatsoever.

And no wonder the politicians are getting cold feet: the polling is terrible.