Dutch to introduce corporate tax on carbon dioxide

The Dutch government intends to introduce a tax on carbon dioxide for companies, Prime Minister Mark Rutte said on Wednesday.

Rutte did not detail the plan, which would be on top of the European Union's current Emmission Trading System. He said the tax would be "reasonable" and was needed in order to ensure that companies bear a fair share of the costs of meeting emmission reduction targets.

Rutte's statement follows a report that found the country's current plans are not sufficient to meet climate goals in 2030.