EU considers energy taxes to counter climate change - Reuters
[Pages:8]EU considers energy taxes to counter climate change - Reuters
Discover Thomson Reuters
9/14/19, 11'25 AM Business Markets World Politics TV More
SUSTAINABLE BUSINESS
SEPTEMBER 13, 2019 / 1:51 AM / UPDATED A DAY AGO
EU considers energy taxes to counter climate change
Francesco Guarascio, Peter Maushagen
3 MIN READ
HELSINKI (Reuters) - The European Union is considering new energy taxes, including on the aviation sector, to meet its climate targets, top officials said on Friday, with Germany calling for "drastic steps" to reduce carbon emissions.
Page 1 of 8
EU considers energy taxes to counter climate change - Reuters
FILE PHOTO: French Finance Minister Bruno Le Maire delivers a speech at the MEDEF union summer forum renamed La Rencontre des Entrepreneurs de France, LaREF, at the Paris Longchamp Racecourse in Paris, France, August 28, 2019. REUTERS/Benoit Tessier
9/14/19, 11'25 AM
Over the last decade, EU countries have led a global shift towards renewable energy and set up the world's largest emissions trading system to price carbon and reduce reliance on more polluting fuels.
However, the bloc's rules on energy taxation have not changed for more than 15 years.
They are "outdated and poorly adapted to climate change challenges and developments in energy policy at EU level", according to a document that EU finance ministers will discuss at meetings in Helsinki on Friday and Saturday.
French Finance Minister Bruno Le Maire pointed the finger at the treatment reserved for the EU aviation sector, which benefits from tax exemptions and other waivers to compete with non-EU airlines.
ADVERTISEMENT
ADVER
Septe Ends A Progra
If you ow your hom mortgag use Con program You'll be how mu
Recal House
?2019
Replay
He said the sector should contribute more to fight climate change "either with taxes or with the purchase of more allowances" from the EU emissions trading system.
At the same meeting, German finance minister Olaf Scholz said drastic steps were needed to counter climate change and urged an international approach on the matter.
"We are in the process of finding out how we can limit CO2 consumption in agriculture, small businesses or transport," Scholz said.
The bloc's top economic commissioner, Valdis Dombrovskis, told reporters that options also included a carbon tax and an overhaul of energy taxation.
Among possible measures listed in a document prepared by the Finnish presidency of
TREND
U.S. ap cannot lawsuit
'King B life in Is
Crisis-h effort t skies
Facebo Conser altered
Page 2 of 8
EU considers energy taxes to counter climate change - Reuters
9/14/19, 11'25 AM
the EU are higher minimum tax rates on energy, fossil fuel levies and the end of waivers for the air and sea transport sectors.
ADVERTISEMENT
Ad
3 Worst Interview Answers
Never, Ever Say These 3 Things When Answering These Curveball Questions INTERVIEW SUCCESS INC
Learn More
Is the S Now Th
Paid an Investm
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.
A confidential work programme prepared in July by Commission officials before the appointment of the commission's president-designate Ursula von der Leyen envisages legislative proposals to end tax exemptions for air and sea transport by early 2020 and a review of minimum tax rates on energy products by the end of next year.
Reporting by Peter Maushagen and Francesco Guarascio; Editing by Darren Schuettler, Jason Neely and Giles Elgood Our Standards: The Thomson Reuters Trust Principles.
MORE FROM REUTERS
ADVER
DID YO On Nov perform and got
Page 3 of 8
EU considers energy taxes to counter climate change - Reuters PAID PROMOTIONAL LINKS
Promoted by Dianomi
9/14/19, 11'25 AM
Motley Fool Issues Rare "All In" Buy Alert The Motley Fool
What Your Net Worth Says About Your Retirement: Free Guide Fisher Investments
Wall Street buying frenzy on $3 stock. Watch video for details. Oxford Communique
Your 401(k) plan deserves people who listen & data that empowers. Schwab Retirement Services
Keep More of Your Capital Gains Cadre
Sponsored Video by
Earn 125K bonus points and 4X points everywhere else for 12 months
?
Find out more
REUTE
Subscri receive deliver
Video Ad by
Page 4 of 8
EU considers energy taxes to counter climate change - Reuters MORE FROM REUTERS
9/14/19, 11'25 AM
Facebook fact-checker finds UK Conservatives ran ads with altered...
14 Sept
'King Bibi' fights for his political life in Israeli election
13 Sept
Parents of murdered Democratic staffer Seth Rich can sue Fox News:...
14 Sept
Disney CEO Bob Iger resigns from Apple board as TV battle looms
14 Sept
Explainer: One possible culprit in vaping lung illnesses - 'Dank...
13 Sept
Page 5 of 8
EU considers energy taxes to counter climate change - Reuters
PAID PROMOTIONAL LINKS
Your 401(k) plan deserves people who listen & data that empowers.
Sponsored by Schwab Retirement Services
Financial Advisors: How can you improve your advisory firm?
Sponsored by TDAI FA Insights
Keep More of Your Capital Gains
Sponsored by Cadre
Promoted by Dianomi
Have $500,000+ & Retiring? Read our guide retiring comfortably
Sponsored by Fisher Investments
Motley Fool Issues Rare "All In" Buy Alert
Sponsored by The Motley Fool
Are you seriously overpaying for energy?
Sponsored by Arcadia Power
9/14/19, 11'25 AM
Best Travel Credit Cards of 2019 - All With No Annual Fee
Sponsored by
$2.6 Trillion from Funds Stranded Overseas to Be Paid to Americans
Sponsored by Weiss Ratings
Video: How smart financing helped these business leaders
Sponsored by SunTrust
New 5th Generation (5G) Network Will Be Bigger Than the Internet
Sponsored by BNF Tech
6 Credit Cards You Should Not Ignore If You Have Excellent Credit
Sponsored by NerdWallet
Page 6 of 8
EU considers energy taxes to counter climate change - Reuters MORE FROM REUTERS
9/14/19, 11'25 AM
Crisis-hit Boeing readies huge effort to return 737 MAX to the skies
13 Sept
Exclusive: Turkey's Erdogan says to discuss with Trump buying U.S....
14 Sept
Brazil president calls economy minister from hospital to oppose new...
Houthi drones hit two Aramco plants, sources say oil supplies...
14 Sept
Hong Kongers troubled by unrest look for new homes abroad
13 Sept
Page 7 of 8
EU considers energy taxes to counter climate change - Reuters
Apps Newsletters Advertise with Us Advertising Guidelines Cookies Terms of Use Privacy All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. ? 2019 Reuters. All Rights Reserved.
9/14/19, 11'25 AM
Page 8 of 8
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- democratic accomplishments in the 111th congress
- tax reform that will make america great again
- hq foi 01268 12 processing releaseredact woattachments
- eu considers energy taxes to counter climate change reuters
- market view — covid 19 policy call and response
- the road to recovery for the middle class democratic
- 1 of 3 5 19 2015 10 59 am miami dade college
- investin g in the middle class
- congress passes economic stimulus package
Related searches
- how to calculate percent change over time
- how to calculate percent change between years
- eu and non eu countries
- change in energy formula chemistry
- how to show percentage change in excel
- how to do a change of address
- how to calculate percentage change formula
- total taxes to pay fed 2019
- change in mechanical energy formula
- duties and taxes to canada
- climate change worksheet answer key
- best climate in arizona to live