By P Gosselin

Beginning 2027, EU citizens will see their everyday lives getting much more expensive and painful… thanks to an EU-wide climate tax: ETS-2.

Image generated by Grok

Hans Labohm: “It is frightening that we are subjecting our economy to this madness.”

“Fuel prices and energy bills will rise, while our freedom of choice will be increasingly restricted,” reports German TKP blog here.  All because European citizens will be paying additional European climate taxes soon.

And this is just the beginning says former MEP Rob Roos: ‘Now it’s about houses and cars. Later, this tax will be extended to foodstuffs such as dairy products and meat, clothing and flying. The CO2 budget could be the next step.”

Going green in Europe means going expensive – and unfree. The EU’s new climate tax, ETS-2, set to begin in 2027, will expand the existing ETS-1 system, which requires heavy industry and energy producers to buy CO2 certificates. Next, fuel and energy suppliers will have to purchase certificates for their customers’ emissions. The result? Higher prices for driving, heating, and electricity!

Companies will simply pass on the cost of CO2 certificates to consumers, making everything much more expensive and citizens poorer.

The new ETS-2 system was created as part of the 2023 revisions of the ETS Directive, and the amending directive creating the new scheme came into force on June 8, 2023. Monitoring and reporting of emissions began in 2024, with the first emissions reports due by April 30, 2025.

Lots of pain, no impact on global climate

In 2023, the European Union’s share of global greenhouse gas emissions fell to just 6.0% and so limiting CO2 further will have barely a negligible climate impact overall climate globally. The real impact will be felt by EU citizens, and it’s not going to be painful.

Intensifying climate madness

Economist and journalist Hans Labohm calls the European emissions trading system an “economic instrument of torture” that will suck the life out of Europe’s society. ‘It is frightening that we are subjecting our economy to this madness,’ he says.

Labohm warns of rising energy prices, inflation and a mass migration of companies from Europe.

“Many households have to cut back on food, care or housing because they can’t pay their energy bills,’ Labohm adds.

Read full article here (German).