Denmark Commits to Finalizing EU Energy Tax Bill by November

Denmark promised to do its “utmost” to finalize by November a controversial bill that would overhaul the way the European Union taxes fuel and electricity.

Denmark, which holds the EU’s rotating presidency, said it’s “convinced of the urgent need to reach a political agreement” on the bill, known as the Energy Taxation Directive, in a note dated June 30 and seen by Bloomberg.

The ETD was first proposed in 2021 and was meant to boost the EU’s decarbonization efforts by taxing dirtier fuels like coal at a higher rate while incentivizing green alternatives like wind and solar. But a spike ...