EU weighs new energy taxes as Germany calls for ‘drastic’ steps

Financial Post | Sep 13, 2019 at 6:37 AM
  • The European Union is considering new energy taxes to meet its climate targets, top officials said on Friday.
  • Possible measures in a document prepared by the Finnish presidency of the EU included higher minimum tax rates on energy, fossil fuel levies and the end of waivers for the air and sea transport sectors.
  • Ambitious targets for reducing carbon emissions by at least 50% by 2030 are part of the agenda of the new European Commission which will take office in November.
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