In the program \u201cWhat Does It Mean for Your Wallet?\u201d on CNN Prima NEWS, economist Milan Bedn\u00e1\u0159 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).<\/p>\n
Some of Milan Bedn\u00e1\u0159\u2019s key arguments raised during the discussion included:<\/p>\n
The goals of the Green Deal are excessive both in terms of feasibility and impacts, and will not improve the situation \u2014 quite the contrary.<\/p>\n<\/li>\n
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.<\/p>\n<\/li>\n
Carbon prices worldwide are significantly lower (EUR\/t: USA RGGI \u2013 17, China \u2013 10, Qu\u00e9bec \u2013 30, Korea \u2013 6\u2026 vs. EU ETS 1 \u2013 over 70).<\/p>\n<\/li>\n
EU ETS 2 will increase costs for households and businesses, reduce competitiveness, and lower living standards.<\/p>\n<\/li>\n
The system may contribute to another supply shock, pushing the EU toward stagflation.<\/p>\n<\/li>\n
Those who oppose EU ETS 2 should also question the rationale behind the original ETS (EU ETS 1).<\/p>\n<\/li>\n
Political solutions often target symptoms rather than root causes \u2014 resulting in costly and inefficient redistribution.<\/p>\n<\/li>\n<\/ul>\n