Are you going to tow a trailer with an electric car? Then you may need a new driver’s license. Within a few years, the EU will introduce a new system for emissions trading called ETS2, aimed at fuel for heating buildings and road transport.
ETS2 will complement the existing ETS system, and will be introduced in 2027.
Now the EU parliamentarian warns Peter Liese that ETS2 could have a drastic impact on fuel prices, reports Euractiv.
Read also: Super-luxury motor home from Volvo: Costs 30 million
Will be more expensive to release
The point of ETS2 is that it will become more expensive to produce fuels that cause emissions, for example petrol or diesel.
The EU will set an emission ceiling for a certain industry and then sell emission rights to the companies, which can then buy and sell these among themselves.
The fuel producers must then keep track of the emissions that their products cause, and then buy emission rights for this.
ETS2 was hammered through last year, and the promise from politicians in the EU was then that emission rights for one ton of carbon dioxide would cost less than 45 euros, corresponding to just under 530 kroner.
This in turn would lead to an increase in fuel prices of around one kroner per litre, but the fact that the impact on petrol and diesel prices would be so small is seen by many as optimistic.
Read also: The king’s old luxury BMW for sale – a timeless classic
Several kroner higher fuel prices
One of these is Peter Liese, who lately has begun to doubt whether the 45 euro goal can be kept. This when they have experienced “adversities in terms of both mobility and buildings”.
What he is referring to is that neither the vehicle nor the real estate industry has reduced its emissions at the rate that was expected when the ETS2 system was designed. This, in turn, can lead to increased demand for emission rights, which pushes up prices.
Also the EU parliamentarian Tiemo Wölken is concerned, and calls the 45 euro target a “soft brake”, rather than an actual ceiling. In reality, prices can be significantly higher than that.
– Recent studies estimate that the price could rise towards 200 euros per ton, he told Euractiv, referring to research from the German think tank Agora Energiewende.
Based on this, the risk is that fuel prices will rise by several kroner when ETS2 enters into force in 2027.
Read also: Common faults can kill your Volvo – so check the car
Read also: Are you going to tow a trailer with an electric car? Then you may need a new driver’s license