The European Union has just adopted a new legislative package aimed at achieving carbon neutrality by 2050. New measures are being taken and will financially affect all consumers from 2027.
One of the elements of this agreement ( which has not yet been confirmed ) is the payment of CO2 certificates by energy-consuming companies and industry. They will have to pay emission rights, which of course will affect the end consumer, who will be presented with part of this bill.
Consumers will pay even more.
Moreover, from 2027, consumers will also be directly affected, because carbon emission quotas will also be extended to building heating and transportation. Clearly, this will push fuel and gas bills even higher because they will be covered by this new tax.
But exactly how much will it cost consumers more? Sud Presse put the question to Damien Ernst, ULiège professor specializing in energy. And according to him, there is no doubt: the extra amount to be paid will reach 500 euros a year from 2027 or 2028. Although that should be put in perspective, because the different types of energy will not all fall under the same regime.
Not the same price everywhere
So we must put things in perspective and understand that not everyone will be on equal footing. Indeed, Damien Ernest explains that the increase in liquid gas capacity in Europe should make it possible to lower prices by 2027. This means that the increase due to the carbon tax will probably be offset by the fall in market prices.
The professor estimates that for this type of heating, the additional cost will be about 200 euros per year.
In addition, for it other types of hydrocarbons will not be the same. Thus, for fuel oil or propane, the tax will be higher and will be up to twice as high for those who (still) heat with coal. The latter would have to pay up to 500 euros more per year for that fuel.
Europe has nevertheless provided a buffer if energy prices remain at current levels: the measure would be postponed for one year, until 2028, for the most vulnerable households.
The tax will go into a "social climate fund" that will support citizens to reduce their ecological footprint, including through insulation subsidies.
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