DESCRIPTION:
National legal act receiving a european directive with the aim to drastically reduce the emission of Co2.
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| eira:ABB | eira:BindingInstrumentRequirement |
| dct:modified | 2023-06-26 |
| dct:spatial | National |
| dct:identifier | https://ec.europa.eu/taxation_customs/business/excise-duties-alcohol-tobacco-energy/excise-duties-energy/taxation-energy-products-electricity_en |
| dct:title | National Schema on Co2 (carbon) related taxes |
| skos:example | For instance, Sweden has one of the highest carbon taxes in the world, which has significantly reduced the country's carbon emissions. On the other hand, Ireland applies a flat rate carbon tax across all fuels, which has been gradually increased over the years to encourage a shift towards cleaner energy sources. |
| eira:concept | eira:ArchitectureBuildingBlock |
| skos:note | The regulation allows each member state to set its own carbon tax rate, but it must be in line with the EU's overall climate goals. The tax is typically applied to the carbon content of fossil fuels, but it can also be applied to the greenhouse gas emissions of certain sectors. The aim of the tax is to incentivize businesses and individuals to reduce their carbon emissions and to fund renewable energy projects. |
| skos:definition | The national regulation on CO2 related taxes within the member states of the European Union is a framework that guides the implementation of carbon taxation. This regulation is designed to reduce carbon emissions by imposing a tax on the carbon content of fossil fuels or on the greenhouse gas emissions of certain sectors. The tax rate is typically set per tonne of CO2 emitted, and the revenue generated is often used to fund renewable energy projects or to reduce other taxes. |
| eira:definitionSource | European Union |
| eira:definitionSourceReference | https://ec.europa.eu/taxation_customs/business/excise-duties-alcohol-tobacco-energy/excise-duties-energy/taxation-energy-products-electricity_en |
| eira:view | LV-Binding Power and Jurisdiction |