Carbon Taxes > ANALYSIS: Hungary could raise over €300 mln with new carbon levies, other member states unlikely to follow suit

ANALYSIS: Hungary could raise over €300 mln with new carbon levies, other member states unlikely to follow suit

Published 14:37 on July 26, 2023  /  Last updated at 14:45 on July 26, 2023  / /  Carbon Taxes, CBAM, EMEA, EU ETS

Hungary could raise hundreds of millions of euros from its recently adopted carbon tax and free allowance transaction fee policy on operators that receive high volumes of EU carbon permit handouts, analysts told Carbon Pulse, though they do not believe it likely that other nations in the bloc will introduce similar regulation given the expected competitive disadvantage and costs for affected firms in the country.
Hungary could raise hundreds of millions of euros from its recently adopted carbon tax and free allowance transaction fee policy on operators that receive high volumes of EU carbon permit handouts, analysts told Carbon Pulse, though they do not believe it likely that other nations in the bloc will introduce similar regulation given the expected competitive disadvantage and costs for affected firms in the country.


A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, log in here.