Joint letter on the Revision of the Energy Taxation Directive

The signatories of this letter point out the long overdue recast of the Energy Taxation Directive (ETD). Since the proposal was made in 2021, the ETD has not been finalized with no prospects of near-term agreement. The signatories of this letter want to stress that favorable tax levels for sustainable energy carriers are key to reach the objective of the European Green Deal, as well as to boost the development of new energy markets and technologies which have evolved significantly since the Directive was adopted back in 2003 while preserving and fostering existing investments.