15 Apr 2011 11:04:25
EU new energy taxation to promote energy
The European Commission presented on Wednesday its proposal to overhaul the outdated rules on the taxation of energy products in the EU. The new rules aim to remove current imbalances and take into account both product's carbon dioxide emissions and energy content. The proposal will promote energy efficiency, renewables and consumption of other more environmentally friendly products. It will help Member States to redesign their overall tax structures in a way that contributes to green growth and employment. It will also help the EU meeting its climate targets.