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EU fishing fleet gets up to €1 5bn tax break, despite emissions

EU fishing fleet gets up to €1 5bn tax break, despite emissions
euobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euobserver.com Daily Mail and Mail on Sunday newspapers.

Commission s Fit for 55 Climate Package Proposes Removing European Aviation s Fuel Tax Exemption – Advanced BioFuels USA

by Christopher Surgenor (GreenAir Online)  … Because of existing agreements with countries like the United States, … a zero rate would be applied to aviation advanced biofuels and e-fuels for a limited period to allow production scale up. Airline industry body IATA said a reliance on taxation to cut Europe’s aviation emissions would be counter-productive to the goal of sustainable aviation. … Under new proposals, the EU ETS will be extended to include shipping emissions for the first time and a separate new ETS set up for road transport and buildings. The Commission is also proposing to phase out free emission allowances for aviation and amend the EU ETS to align with the global ICAO CORSIA offsetting scheme.

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