INTIEAAustria · Eco-Social Tax Reform Act - Austria ETSPolicyIn force

Eco-Social Tax Reform Act - Austria ETS

Austria's Eco-Social Tax Reform Act 2022 establishes a national emissions trading system covering heating and transportation emissions outside the EU ETS, with carbon prices rising from €30/tCO2e in 2022 to €55/tCO2e by 2025, alongside corporate and income tax reductions.

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Country / jurisdiction: Austria · Year: 2022 · Status: In force · Level: National · Type: Voluntary

Austria has implemented a national emissions trading system as part of broader fiscal reforms in Eco-Social Tax Reform Act 2022 (Ökosoziales Steuerreformgesetz 2022) that also plans to reduce corporate and income tax rates. The national emission trading system covers mainly heating and transportation emissions not covered under the EU ETS. The rate started at EUR30/tCO2e in 2022 and is planned to rise each year during the fixed price phase to EUR35/tCO2e in 2023, to EUR45 in 2024 and to EUR55 in 2025.

Official source: https://www.bmf.gv.at/themen/klimapolitik/carbon-markets/nationales-emissionszertifikatehandelsgesetz-2022-%28NEHG-2022%29.html

Source

https://www.iea.org/policies/13998

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