Sunday, 18 December 2022
EU settles angels on head of a pin question
European Union negotiators reached agreement early on Sunday morning (18 December) to reform the EU’s Emissions Trading Scheme (ETS), the biggest carbon market in the world and the bloc’s flagship climate policy instrument.
The ETS currently caps the emissions of around 10,000 factories and power plants, allowing those with surplus credits to make a profit by selling CO2 permits on the market.
The scheme is now being extended to cover more sectors of the economy in order to align with the EU’s 2030 climate goal – a commitment to reduce net emissions by 55% before they are eventually brought down to zero by 2050.
Offer a career, a salary and status - the useful idiots will flock to your door.
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'The reformed scheme “provides a clear signal to European industry that it pays off to invest in green technologies,” he added, saying the reformed EU carbon market now “covers almost all the sectors of the economy”'
In other words, it pays to invest in green technologies because if you don't, we'll tax you out of business.
Isn't that how the Mafia operated? Pay the protection or face the alternatives which we'll impose on you?
Sam - yes it's a protection racket. At this level and in the developed world, the climate change game is evolving into a protection racket. Internationally it should be counted as corruption but of course it isn't.
And in the future what will be the personal allowance before penalty taxes apply? I always remember my grandparents complaining that the government would tax the air we breath if they could. And now they can!
Woodsy - yes, your grandparents were right.
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