EU Energy Tax Reform Inches Forward With Amended Bill

The EU clarified several technical definitions and terms in a new draft of its sweeping energy tax reform legislation that would revise minimum rates for fuel and electricity.

Aviation and maritime fuels would be exempted until at least 2035, when policymakers would review the exemption to see whether sustainable alternative fuels are more widely available, according to the draft bill dated Sept. 22 and shared with Bloomberg on Monday.

The revision to the bill, known as the Energy Taxation Directive, would push back the date from which tax levels will rise with inflation to 2041, from 2038.

It ...