Dutch Government Set to Reduce CO2 Tax in Budget: De Telegraaf

The Dutch caretaker government is set to reduce the country’s CO2 tax after pressure from the business community, Dutch outlet De Telegraaf reports, citing leaked Budget documents seen by the paper and sources.

• The levy will remain in place on paper, but taxable emissions from 2026 will be drastically reduced, and the amount charged on those emissions will be significantly adjusted downwards, De Telegraaf reports, citing sources
• This will allow the Netherlands to avoid the €1.2 billion ($1.4 billion) fine from Brussels that the country would receive if it completely abolished the tax
• Dutch Climate Minister Sophie Hermans will ...