A recent report published by The European Court of Auditors assesses whether existing energy taxes, carbon pricing and energy subsidies within the EU assist in achieving EU climate goals.
The auditors examined the Energy Taxation Directive, existing Emissions Trading System and the proposals of the Commission to update this legislation, as well as current energy taxation in the member states. In addition, the auditors review how carbon pricing instruments and energy subsidies incentivise climate action.
Source International Tax Review
