UK set to veto proposed EU levy on fuel emissions

News - 13th April 2011

A draft law proposed by the European Commission that aims to cut greenhouse gas emissions and enhance energy efficiency by hiking fuel taxes and imposing an emissions levy on sectors currently outside the EU emissions trading scheme looks set to put Brussels on a collision course with the UK and Germany.

Both countries said they were likely to veto the proposed revision to the current Energy Taxation Directive (ETS), which outlines minimum rates of tax for transport and heating fuels as well as electricity.

Source and full article: businessgreen