January 7, 2020
The EU will aim to use profits from carbon trading to break an impasse over how to fund the bloc’s next long-term budget. Officials are preparing for heated negotiations over the next seven-year budget, running from 2021. They told the Financial Times members were ready to agree a plastics recycling tax.
A senior EU official said: “We have a Brexit gap. Member states know this and will eventually have to accept new revenue streams.”
As part of the initial budget proposal in 2018, the European Commission proposed a tax on non-recycled plastics.
The proceeds from this would go directly into the common budget rather than to the government’s that collect them.
This article was posted: Tuesday, January 7, 2020 at 7:38 am