You are here: European Union: overview of bio-based diesel policy, market and sustainabilityRegulationsFiscal policiesEnergy taxation from 2023/24
Energy taxation from 2023/24
On July 14, 2021, the European Commission (EC) proposed a revised energy taxation directive (ETD), EU Council Directive, restructuring the Union framework for the taxation of energy products and electricity (recast). According to the new ETD, energy and electricity will be taxed based on their energy content (calorific value, EUR/gigajoules) and their environmental performance (carbon content is not considered):
    •Unsustainable biofuels and high indirect land use change (ILUC) risk biofuels would be taxed as fossil fuels
    •There is tax differentiation between food and feed crop-based biofuels and other sustainable biofuels
    •Lower energy tax proposed for biofuels compliant with the EU RED II sustainability criteria and those produced from RED II, Annex IX feedstocks
    •
Contact us for full access
Energy taxation from 2023/24