New EU Revenue Sources via Carbon Pricing and Profits

by name voted on 19.04.2023

Summary

The European Parliament approves a proposal to change how the EU collects its own revenue, specifically using carbon emissions trading, carbon border taxes, and reallocated profits.

10 19.04.2023

Other

economy

finance

taxation

environment

european union

public finance and budget policy

Key points

The proposal introduces new ways for the EU to generate its own revenue through environmental policies.
Revenue will be collected via the Emissions Trading System and carbon border adjustments on imports.
The system incorporates reallocated profits as a component of the EU's financial resources.
New measures are included to ensure the EU has sufficient cash flow to meet its operational requirements.

Vote

PPE

S&D

Renew

PfE

Verts/ALE

ECR

The Left

NI

ESN

Total

Documents (PDFs)

REPORT on the proposal for a Council regulation on the methods and procedure for making available own resources based on the Emissions Trading System, the Carbon Border Adjustment Mechanism and reallocated profits and on the measures to meet cash requirements Methods and procedure for making available own resources based on the Emissions Trading System, the Carbon Border Adjustment Mechanism and reallocated profits and on the measures to meet cash requirements

These raw data are provided by the Open Data Portal of the European Union (data.europa.eu) and are licensed under ODC-BY 1.0.