BRUSSELS — The EU will soon propose exempting roughly 4 in 5 EU businesses from a new carbon border tax, the bloc’s climate chief, Wopke Hoekstra, told lawmakers Thursday.
Hoepka suggested the vast majority of firms not contributing to carbon pollution should be spared the red tape. This change may be part of the EU’s upcoming “omnibus” legislation, which is designed to slash reporting rules for businesses.
During a session at the European Parliament, Hoekstra said that “roughly 20 percent” of firms that fall under the carbon border tax’s scope, “are responsible for 97 percent of all the emissions.”
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He added: “Wouldn’t it not be smart to leave the roughly 80 percent off the hook in terms of the administrative burden? In my view, it would.”
