EU claims revenue from emissions trading

The European Commission wants to redirect a larger share of the revenues from emissions trading into the EU budget in order to repay the funds of the credit-financed COVID-19 Recovery Program. According to the proposal by Budget Commissioner Johannes Hahn, 25 percent of the revenues from the existing ETS would flow into the common budget in the future. Until now, the proceeds from the sale of pollution certificates have largely gone into national budgets.