The European Commission has proposed five new revenue streams to fund its next long term budget. Key measures include shifting 30% of CO2 emissions permit revenues from national governments to the EU budget and allocating 75% of Carbon Border Adjustment Mechanism (CBAM) levies to the central budget. Beyond carbon pricing, the plan includes a new tobacco excise duty, a levy on non recycled electronic waste, and a fixed annual fee for large corporations with turnovers exceeding 100 million euros. These funds are intended to support defense, competitiveness, and joint debt servicing.
