EMEA > Hungary introduces €40/tonne carbon tax, 10% transaction fee for recipients of large volumes of free EU Allowances

Hungary introduces €40/tonne carbon tax, 10% transaction fee for recipients of large volumes of free EU Allowances

Published 18:18 on July 21, 2023  /  Last updated at 19:07 on July 21, 2023  / /  EMEA, EU ETS

The Hungarian government announced this week it will introduce a tax of €40 per tonne of emissions for EU ETS participants that receive a proportionately large volume of free carbon allowances, as well as a 10% transaction fee on the value of those permits.
The Hungarian government announced this week it will introduce a tax of €40 per tonne of emissions for EU ETS participants that receive a proportionately large volume of free carbon allowances, as well as a 10% transaction fee on the value of those permits.


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