Milan Bednář provided commentary on the impact of expanding the emissions trading system during an appearance on CNN Prima NEWS.

In the program “What Does It Mean for Your Wallet?” on CNN Prima NEWS, economist Milan Bednář commented on the ongoing expansion of the EU Emissions Trading System (the so-called EU ETS 2), which will newly cover road transport (motor fuels) and buildings (heating).

Some of Milan Bednář’s key arguments raised during the discussion included:

  • The goals of the Green Deal are excessive both in terms of feasibility and impacts, and will not improve the situation — quite the contrary.

  • In 2023, the EU accounted for only 5.8% of global emissions, compared to 11% for the US, 26% for China, and 7.8% for India.

  • Carbon prices worldwide are significantly lower (EUR/t: USA RGGI – 17, China – 10, Québec – 30, Korea – 6… vs. EU ETS 1 – over 70).

  • EU ETS 2 will increase costs for households and businesses, reduce competitiveness, and lower living standards.

  • The system may contribute to another supply shock, pushing the EU toward stagflation.

  • Those who oppose EU ETS 2 should also question the rationale behind the original ETS (EU ETS 1).

  • Political solutions often target symptoms rather than root causes — resulting in costly and inefficient redistribution.

A full recording of the discussion is available here.

Milan Bednář provided commentary on the impact of expanding the emissions trading system during an appearance on CNN Prima NEWS.