Czech president signs into law legislation on emission fees
Czech President Václav Klaus has signed into law legislation that will gradually increase emission fees. On Tuesday, the president ratified a law under which firms with a high level of emissions will have to pay 4200 Czech crowns per ton of CO2 emitted starting next year. The fee will gradually be increased to 14,700 crowns by 2021. The new regulation will mostly affect large corporations. The Confederation of Industry of the Czech Republic opposes it.