As always, GBE brings you the latest news on green tax reform and sustainability across Europe.
Green taxes in support of the EU budget
A new study published by GBE for the Greens in the European Parliament analyses four promising green revenue sources for the EU budget, including road fuel taxes, carbon taxes, energy taxes and fines imposed by the European Court of Justice.
On 20 July, the Commission released its new proposal on binding greenhouse gas emission reductions for Member States. However, campaigners have warned that the new targets are not ambitious enough. Crucially, the proposal also lacks support for green taxation.
Aviation: the arch tax-avoider. Previously, we drew attention to a study by Chancel & Piketty suggesting an aviation tax could raise up to €22 bn for Member States. Economy passengers would pay €5 per flight and total global revenue would be c. €150 billion.
Employing carbon taxation, a recent report from WIFO arrives at lower revenue figures.