Eco-Social Tax Reform Act - Austria ETS

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. A market phase will follow from 2026, subject to a review in 2024 and considering developments on the EU level.

Source: World Bank, Carbon Pricing Dashboard

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