Energy Taxation Directive to Support EU Decarbonisation Targets

The European Commission has adopted a recast Energy Taxation Directive in the context of the Fit for 55 Package, in order to ensure that tax rates for energy products can support decarbonisation targets.

As demonstrated by the EU decarbonisation strategy for 2050, energy storage technologies are playing a valuable role in the transition to a low-carbon energy system. This role is only set to increase with upward revision of the 2030 decarbonisation targets. In order to enable the deployment of energy storage the barriers that hamper a robust storage business case should be avoided.