Main Reason Behind Europe’s “Energy Price Explosion” Is Green Policy In Europe And Germany
By P Gosselin on 16. February 2022
Share this...
The major reason for Europe’s energy price explosion is green policy in Europe and Germany
By Prof. Fritz Vahrenholt
(Text translated/edited by P. Gosselin)
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 industry. Yet, when it comes to the reasons, one usually doesn’t get to the heart of the matter. The most significant price drivers are the 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 to 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.
1100% in 5 years
https://notrickszone.com/2022/02/16/main-reason-behind-europes-energy-price-explosion-is-green-policy-in-europe-and-germany/
