The European Commission has unveiled a proposal to overhaul the rules on the taxation of energy products in the EU. The proposal includes new rules to restructure the taxation of energy products to remove current imbalances and take into account both their emissions and energy content. The proposal is expected to favor renewable energy sources and encourage the consumption of energy sources emitting less carbon dioxide, as well as to complement the existing EU Emission Trade Scheme (ETS) by applying a carbon dioxide tax to sectors that are out of the ETS scope (transport, households, agriculture and small industries). The proposal needs to be discussed by the European Parliament and the Council of Ministers of the EU, and is expected to enter into force in 2013.
EU Press Release
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