EC to use CBAM CO2 taxes to pay off debts?19 October 2023 – According to plans of the European Commission and the European Economic and Social Committee, the revenues from the CO2 tax CBAM and the trading of ETS certificates are to be used for the interest and debt repayment of the 800 billion Euro Corona rescue fund. And the U.S. economy is strong and on an upward trend, according to recent data. Source