Polluting Fuels Face Higher Taxes Under Europe’s Green Overhaul
- EU Commission wants to propose revision of energy taxation law
- Draft rules to implement EU Green Deal to be unveiled in June
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Europe is proposing higher taxes on the most polluting energy products as it seeks to become carbon neutral by 2050.
“Our existing Energy Taxation Directive sets out EU-wide minimum excise duty rates for energy products,” the EU Economic Affairs Commissioner Paolo Gentiloni said on Tuesday. “These rules nearly two decades old and woefully out of sync with today’s policy goals.”