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Italy Challenges EU Carbon Market: Hidden Tax Driving Industry Abroad
8 Articles
8 Articles
At European level we are calling for the urgent suspension of the application of the Ets to the production of electricity from thermal sources. This is a measure that is needed immediately, at least until the global prices of fossil energy sources will return to the levels prior to the crisis in the Middle East. With the excise tax decree slipped because in order to buffer the increases of the fuels would serve cover that the government does not…
Europe’s carbon market under pressure as Italy pushes for ETS rethink
Decoding the news: The Emissions Trading System (ETS) was designed as the cornerstone of Europe’s decarbonization strategy. But in a context marked by energy shocks, industrial competition and geopolitical tensions, several European governments — including Italy — argue that the mechanism now risks amplifying costs rather than guiding a sustainable transition. The big picture: Europe’s carbon market was built to penalize polluting production and…
EU commissioners see no need to revise the system imposing financial burdens on carbon dioxide emissions. On the contrary, the escalating crisis in the hydrocarbon market proves, in their view, that the direction of energy transformation chosen by Brussels is absolutely correct. Even before the outbreak of war in the Middle East, the leaders of the EU's largest economies argued for the possibility of suspending CO2 emissions fees to stimulate th…
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