Categories: Uncategorized

“Au Revoir” to Aviation Fuels Exemption

Reading Time: < 1 minute

In an effort to urge the aviation industry to use more clean-burning fuels, a draft from the European Commission proposes a minimum tax within the EU on polluting aviation fuels, specifically on energy products supplied as aircraft fuel for flights within the EU. This means aviation fuels would no longer be exempt from taxation in the EU. The new tax would start in 2023 and be gradually increased over a decade – the final rate has not yet been set.

With dirtier fuels being more expensive, it is hoped that European airlines will be more likely to adopt more sustainable fuels like e-kerosene, which are currently considered to be too expensive. The new minimum tax looks to be applied mostly to commercial flights.

The measure, and an overall reinvention of energy taxation in the Union, are part of the EU’s broader “Fit for 55” package, which aims to reduce greenhouse gas emissions by 55% by 2030 (using 1990 GHG emissions as a baseline). The full package is set to be released by the European Commission on 14 July.

Source: Reuters

 

CET Editor

Recent Posts

US soldiers die during Lithuania training exercise

A total of three US soldiers were found dead while a fourth remains missing after…

1 day ago

Trump-Putin detente could revive Nord Stream 2

The US and Russia are discussing the potential reopening of the Nord Stream 2 gas…

1 day ago

Dodik dodges arrest warrant, surfaces in Moscow

Republika Srpska (RS) President Milorad Dodik announced that he had arrived in Moscow on Monday…

1 day ago

CEE startups outpace Western Europe rivals

Startups in Central and Eastern Europe (CEE) are growing faster than in Western Europe and…

1 day ago

Gender pay gaps remain in CEE, despite EU efforts

Romania and Poland have gender pay disparities among the lowest in the EU, according to…

1 week ago

Europe’s trilemma: rearmament, green transition, competitiveness

European leaders met in Brussels on 20 March to confront a mounting policy dilemma: how…

1 week ago