EU approves CO2 tax on heating and transport, softened by new social climate fund

EU legislators agreed early on Sunday (18 December) to introduce a carbon price on buildings and road transport fuels, with a new €87-billion social climate fund established in parallel to cushion the impact on households and help them invest in green solutions.

Following marathon talks, negotiators agreed to start pricing the carbon emissions stemming from burning fossil fuels in road transport and heating in 2027, with a price ceiling of €45 per tonne of carbon emitted that will apply until 2030.

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Nikolaus J. Kurmayer Euractiv.com 18-12-2022 09:23 4 min. read Content type:

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EU approves CO2 tax on heating and transport, softened by new social climate fund

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