Oettinger proposes EU could receive tax revenues from CO2 emission allowances
To compensate for loss of revenue after Brexit, EU Budget Commissioner Günther Oettinger proposes that member states could transfer part of their tax revenues to the EU, including revenues from taxes on CO₂ emission rights, he told German weekly Der Spiegel in an interview. “These revenues are based on European laws, but so far go to the member states,” said Oettinger. The commissioner plans to publish a paper with proposals on the future financing of the EU next week, Der Spiegel reports.
Read an article on Spiegel Online in German here.
For background, read the CLEW factsheet Understanding the European Union’s Emissions Trading System .