EU Looks To Tax Jet Fuel In Push To Cut Emissions

The European Union (EU) is looking to extend energy taxation to the aviation industry as the bloc is ramping up efforts to raise its chances of reaching the targets in the European Green Deal for carbon neutrality by 2050. During a weekend meeting of the finance ministers of the EU in Lisbon, the ministers backed, in general, a proposal to have an EU-wide taxation of aviation fuel, the Financial Times reported, citing officials. The European Commission (EC) is studying amendments in its policy on taxation of energy in the bloc in new legislation…