Bunker tax exemptions cost EU $26.3bn
Abolishing bunker tax exemptions in the EU would be a difficult task as it requires political unanimity. Inserting shipping in the EU’s Emissions Trading System only requires a majority of governments to agree. A European Federation for Transport and Environment report argues that shipping in ETS would yield considerable earnings for the bloc
The Netherlands and Belgium are missing out the most, according to T&E. But the Commission has warned taxation would lead vessels to bunker outside of the EU