7/12, 12:30 PM (Source: TeleTrader)
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EU to raise taxes on polluting fuels - report

The European Commission is set to reveal plans to increase taxes on polluting energy sources, the Financial Times reported on Monday.

According to the documents the media outlet has had access to, Brussels will announce more than 10 measures on Wednesday to support its effort to cut carbon emissions by 55% by 2030.

Minimum tax rates for petrol, diesel, kerosene and other similar fuels will be raised gradually for a decade, while non-polluting energy sources will not be taxed during the same timespan, under the proposal.

Breaking the News / MS