Higher Energy Taxes, New CO2 Levy Sought by EU Regulators
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European Union regulators proposed to raise EU taxes on fuels including diesel and to introduce an emissions levy on industries that are spared carbon-dioxide caps, setting up a potential clash with national governments.
The draft law by the European Commission, the 27-nation EU’s regulatory arm, aims to spur energy savings and the development of low-emission technologies as part of the fight against climate change by taxing all fuels in the same way. The legislation needs the backing of all EU national governments, any one of which has veto power.