The EU will urge member states to zero out energy taxes to help expand the use of electricity and reduce fossil fuel usage, according to a pair of economic and environmental plans released Wednesday.
The European Commission wants to align national tax systems with the bloc’s climate change targets under the plans—titled the Clean Industrial Deal and the Action Plan on Affordable Energy—which also aim to lower energy bills and bolster industrial growth, top EU officials said in Brussels.
“We will be asking our member states to lower electricity taxes paid by energy intensive industries and get rid of ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.