EU to Revive Debate on Minimum Energy Tax Levels
by Barbara Lewis (Reuters) EU officials are to debate a new set of tax proposals to promote clean fuel and erode fiscal advantages that have made diesel relatively cheap, a document seen by Reuters showed.
…Ahead of a working party meeting on January 23 that will bring together representatives of member states, an internal European presidency note dated January 9 on minimum rates for energy products revives the idea of taxing fuels according to carbon dioxide emissions and energy content.
For now, fuel is taxed based on volume.
…While offering some exemptions, the new proposals would over time provide incentives for sustainable biofuels, as well as natural gas and liquefied petroleum gas (LPG). READ MORE