The European Commission will propose on 22 December a ‘basket’ of three new EU own resources, the revenue from which will “help pay back” the €750 billion ‘Next Generation EU’ economic recovery plan between 2028 and 2058.
These new own resources should enter into force on 1 January 2023, after unanimous agreement in the EU Council (see EUROPE B12849A13).
The EU Emissions Trading System (ETS) and a Carbon Border Adjustment Mechanism “are EU-wide instruments serving the...