Policy Brief: New own resources for the EU budget

The negotiations of the next Multiannual Financial Framework (MFF) are gaining momentum. For the 2028-2034 budget, the European Commission suggests five new own resources as revenue streams:

• the EU Emission Trading System (ETS)
• the Carbon Border Adjustment Mechanism (CBAM)
• a new contribution based on non-collected e-waste
• the Corporate Resource for Europe (CORE)
• a Tobacco Excise Duty Own Resource (TEDOR)

The implementation of new own resources needs to be a priority in the negotiations. A new policy brief by FES and FEPS looks into their concrete introduction. Author Margit Schratzenstaller lays down a two-pronged strategy that includes the five own resources already suggested by the Commission, followed by further tax-based own resources based on aviation, shipping, cryptocurrencies and net wealth for the post-2034 MFF.