The European Commission adopted, on Wednesday 22 December, proposals to create three new own resources for the EU budget, notably to reimburse the financing of the EU’s €750 billion economic recovery plan (see EUROPE B12857A12).
The first is based on revenues from the Emissions Trading System (ETS). The second is based on the resources generated by the EU Carbon Border Adjustment Mechanism (CBAM) project. The third is based on the share of residual profits of multinationals that will...