EU plans energy tax to combat climate change

DW.COM | 9/14/2019 | Staff
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Finance ministers of the 28 European Union countries met in Helsinki on Friday to discuss measures to finance and encourage environmentally sustainable growth.

The meeting took place on the same day the governing coalition parties in Germany met to decide on climate measures targeting the transportation sector to ensure the country meets its 2030 goals to combat the climate crisis. Spending toward that end could approach a reported €75 billion ($83.6 billion).

Read - Businesses - CO2 - Tax

Read more: Are German businesses ready to swallow a CO2 tax?

"We have neutralized our carbon dioxide emissions," proclaimed Finland, which currently holds the EU Council's rotating presidency, as the image was beamed onto large blue screens around the Finlandia Hall in Helsinki where finance ministers gathered.

Country - Compensation - Flights - Presidency - Money

The country is paying compensation for all the flights required during its six-month presidency. The money is earmarked for fostering environmental projects and planting trees.

It's not entirely clear if all the finance ministers are impressed by the message. After all, nothing concrete will be decided at this informal meeting in Helsinki; the intention is to start a fundamental discussion.

EU - Finance - Minister - Olaf - Scholz

The EU, says German Finance Minister Olaf Scholz, must find a way to put a sensible price on carbon dioxide emissions, optimally on an international level. "I believe we are currently in a situation where many say 'we'd like to do something on a national level, but no one else is.'"

Scholz thinks it's the right moment to act together and find out if consensus can't eventually be found, saying, "That would be a big step forward."

New - Tariffs - Taxes - Environment

New tariffs or taxes to protect the environment?

The European Commission, the EU's executive arm, submitted a broad palette of possible methods for determining the price for climate damaging emissions in order to collect money to invest in climate protection. The EU estimates that trillions, not billions, will be needed in...
(Excerpt) Read more at: DW.COM
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