Monday, 24 June 2024

Energy price surge intensifies backlash against Brussels carbon tax plan

5 min read

The rise in utility prices threatens the net-zero emissions by 2050 vision. The environmental and sustainability considerations have laid out various taxation policies on petrol and energy. Meanwhile, recent price increases in the carbon market are being speculated to be linked to major countries urging central administrative bodies to introduce necessary controls. The increase in prices of utilities comes together with other price increases due to inflation. These developments may lead to the green economy bubble that economist suggest may lurk behind the corner.

Re-disseminated by Wealth and Society from Financial times

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