The European Union is moving towards a significant expansion of its carbon market, a move that will push heating and transportation costs to new heights of punishment. Under the guise of “reducing emissions,” EU policymakers are implementing a system that will make millions of energy unaffordable, especially those that cannot be afforded.
According to a Bloomberg analysis, a new emissions trading system that will come into effect in 2027 can push the price of carbon dioxide toward By 2029, 149 euros per metric ton– Double or more than twice the current level. Direct consequences? Heating fees may rise Up to 41%transportation costs may increase 27%. It's more than just a minor inconvenience. It's a ball of financial destruction designed to target directly European households and small businesses.
For years, politicians and activists have insisted that tough carbon policies will help “save the planet.” What they don't admit is who actually paid the price.
- Heating cost: Millions of Europeans have already been unable to afford the heating of winter. The EU's new carbon market will ensure that staying warm becomes a luxury rather than a necessity.
- Transportation cost: Higher fuel prices not only hit individual drivers, they will ripple throughout the economy, increasing the cost of goods and services.
- Small businesses are punished: Large companies can offset exemption costs or hall exemptions, but small businesses have no choice but to absorb price increases or close.
What does the EU offer as a solution? “Green alternative.” Heat pumps, electric cars and home renovations (all of which require a lot of upfront investment that ordinary citizens cannot afford.
Even some EU lawmakers are now aware of the scale of the disaster they have caused, calling for the delay in the introduction of this new carbon tax. But as history has shown, once a bureaucracy has developed a policy, it is almost impossible to reverse it.
Instead of learning from past failures, such as Germany’s catastrophic energy transition, EU leaders are doubling down on policies that make the average European more difficult.
If the policy does not help citizens, who yes Did it help? The answer is the same as usual:
- Company interests and investors Profit from government purchases of electric cars, heat pumps and inefficient “green” technologies.
- Bureaucrats and policy makers Who secures their career by pushing for infeasible climate goals.
- Elite class Who can afford to “green” while telling everyone else about their carbon footprint.
Essentially, it's not about saving the earth, it's about controlling. The EU's carbon market expansion is a stealth tax on survival, aiming to force people into economic hardship using climate action as an excuse.
For millions of Europeans, the coming years will bring a serious option: Pay or freeze.
H/T Steve Milloy
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