EU lawmakers back plans to fund REPowerEU with national carbon auctions in interim vote

Published 21:32 on October 25, 2022  /  Last updated at 21:32 on October 25, 2022  /  EMEA, EU ETS  /  No Comments

The European Parliament's budgets committee (BUDG) voted on Tuesday largely in line with their MEP colleagues on the bloc's REPowerEU proposal, seeking to part-finance the package with €20 billion worth of carbon allowance sales sourced from frontloaded member state auctions over three years.

The European Parliament’s budgets committee (BUDG) voted on Tuesday largely in line with their MEP colleagues on the bloc’s REPowerEU proposal, seeking to part-finance the package with €20 billion worth of carbon allowance sales sourced from frontloaded member state auctions over three years.

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