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EU plots greener fuel levy and increased coal taxes
Date 15/03/2011 12:37  Author webmaster  Hits 1234  Language Global
15 MAR 2011

Business Green

Commissioner Algirdas Semeta plans overhaul to Energy Taxation Directive in a bid to reduce burden on biofuels

The European Union's taxation commissioner is renewing efforts to develop an energy taxation regime that helps curb carbon emissions through proposals designed to lower the cost of sustainable biofuels, increase levies on coal, and level out differences in energy taxes between member states.

Commissioner Algirdas Semeta is expected to present a proposal to revise the Energy Taxation Directive in a bid to create a new EU framework for CO2 taxation that operates outside the EU emission trading system, and rationalise existing energy taxes by better linking them to their energy and carbon content.

A draft document seen by news agency Reuters reveals that Semata wants to introduce a fuel tax split into two components, energy and carbon, which could increase levies on carbon-intensive coal and reduce the tax burden on low-carbon bioethanol.

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