No. One Reason For Europe’s Energy Price Crisis Is Its Sky-High CO2 Tax

[Elderberry]

Climate Change Dispatch by Prof. Fritz Vahrenholt on Feb 18, 2022

The media are now taking up the issue of exploding electricity and gas prices. It’s becoming increasingly obvious how dramatically the price increases are affecting private households, but above all small- and medium-sized industries.

Yet, when it comes to the reasons, one usually doesn’t get to the heart of the matter. The most significant price drivers are European emission certificates, which have catapulted to over 90 €/tonne of CO2.

Prices have nearly tripled

The politically intended shortage and increase in the price of European CO2 certificates alone have doubled and tripled electricity prices since late 2020.

At the current level of 93.8 €/tonne of CO2, the certificates burden lignite-based electricity with 9 €ct/kWh, hard coal-based electricity with 7 €ct/kWh and gas-based electricity by 4 €ct/kWh.

1,100% in 5 years

By way of comparison, the price of electricity on the stock exchange has been around 4-5 €ct/kWh in recent years.

In addition, there has been the rising price of gas, which had to meet the rising demand for electricity due to the closure of 20,000 MW of coal-fired power plants in Europe over the last four years and also became scarce.

More: https://climatechangedispatch.com/no-one-reason-for-europes-energy-price-crisis-is-its-sky-high-co2-tax/

[IsailedawayfromFR]

Which does absolutely nothing as climate change is a myth