Such a bad idea. The carbon market has been active since 2005 and has been the most effective policy instrument to mave away from fossil fuels. Yes it makes activities relying on fossils more expensive, that is exactly the point.
To halt the trading system would punish those industries that did invest in moving away from fossil fuels (and many have) and would reward those companies that have been dragging their feet.
Shupaul on
> Besides calling for the suspension of the law, Italy has also announced plans to compensate operators of gas-fired power plants for the money they spend on ETS permits — effectively cancelling out the system’s decarbonization incentive.
> “We are facing the collapse of the European chemical industry; we are facing a crisis in European steelmaking. We cannot wait for the timing of EU negotiations to find solutions,” Urso said in Brussels on Thursday.
> The Italian government argues that compensating gas-fired power plants for carbon costs will reduce the cost of energy generated by renewables, since under the existing system the most expensive sources of energy — generally fossil gas — set the price for the whole market.
> Critics, however, say targeting the ETS will only have a marginal effect on household bills — if any — and that the measure would disproportionately reward Italy’s powerful gas producers.
Interesting.
Silent-Act191 on
In 50 something years there’s going to be a lot of people who are currently against these policies and they are going to say something equivalent to „We could have never seen this coming, who knew it would be this bad?“.
And then probably follow it up with a „Ah well it has gone to shit already, how much worse could it get?“
Massimo25ore on
>Italians face the fourth-highest power bills in Europe, in part thanks to a heavy reliance on gas-burning power plants — amounting to some 44 percent of Italy’s energy mix — which set a higher price for the whole market.
Wouldn’t it be better and cheaper in a medium-long term prospective to invest all that money for the bills in investing in alternative sources of power? More wind farms or solar power stations, or even nuclear power stations, just saying…
Unable_Resort453 on
Moving back and forth on hydrocarbon and green energy ain’t helping making your industry competitive. Especially if your gas comes from the US. Just making things more costly and annoying.
You lack scale, and your profit margin is way too high. The green energy is there so that you have sovereign energy infrastructure and not relying on Russia or the USA.
mauro_mussin on
Ma certo, perché decarbonizzare? 3.3°C di incremento al 2100 cosa vuoi che siano!
Reasonable_Gas_2498 on
Conservatives: “no we don’t want any concrete measures to fight climate change, lets use carbon price so the market can decide.”
Also conservatives as soon as the carbon price picks up and the markets gonna decide:
Terminaga on
It would be nice if politicians just for once would start planning ahead for a little longer than the next election cycle – thankfully I’m not living in a coastal city, but screwing over future generations for short term profit is unacceptable.
Are we talking about the same italy that lies in the mediterranean area with high Solar radiation and good Winds from the sea and also In the mountains?
Unhappy_Sugar_5091 on
Italy and wrong side of every take is a given at this point.
supertikillo on
Serve il nucleare in Italia
Emergency_Link7328 on
How about renewables like so many others?
araujoms on
The same Italy that is uniquely well-suited for wind and solar, and one of the European countries that will suffer the most from global warming.
That’s what happens when you elect a fascist government. Sacrificing the future to please foreign gas producers.
Snake_Plizken on
Meloni is ideological friends with Trump, don’t think she has much credibility in environmental policy. We need the carbon trading system in 2027, or else things like European green steel will never happen…
Serapis5 on
These carbon credits became a speculative tool on a trading market, making many many millionaires and paralyzing our anyhow struggling manufacturing.. who can’t see that
Darkhoof on
These effing idiots have been building as much natural gas generation as they can and now they complain. Morons.
A prelude to what will come next if extreme right wins more seats in european governments in the next elections.
The_Last_Cast on
Another reason to be ashamed of the Italian government….
GTC42069 on
Considering recent events, a **temporary** pause would not be a bad idea. Renewables are great and I’m completely in favour of investing in them, but oil prices will have a huge spike tomorrow when markets open (an oil tanker was just attacked on the Strait of Hormuz which is now effectively closed) and people still need to fill their tanks to drive to work. Also, if the price increase is sustained over some time, it will cause inflation in other essential goods, like food.
(I know this comment will get downvoted to oblivion, but it’s ok, I’m a big boy, I can handle it.)
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Such a bad idea. The carbon market has been active since 2005 and has been the most effective policy instrument to mave away from fossil fuels. Yes it makes activities relying on fossils more expensive, that is exactly the point.
To halt the trading system would punish those industries that did invest in moving away from fossil fuels (and many have) and would reward those companies that have been dragging their feet.
> Besides calling for the suspension of the law, Italy has also announced plans to compensate operators of gas-fired power plants for the money they spend on ETS permits — effectively cancelling out the system’s decarbonization incentive.
> “We are facing the collapse of the European chemical industry; we are facing a crisis in European steelmaking. We cannot wait for the timing of EU negotiations to find solutions,” Urso said in Brussels on Thursday.
> The Italian government argues that compensating gas-fired power plants for carbon costs will reduce the cost of energy generated by renewables, since under the existing system the most expensive sources of energy — generally fossil gas — set the price for the whole market.
> Critics, however, say targeting the ETS will only have a marginal effect on household bills — if any — and that the measure would disproportionately reward Italy’s powerful gas producers.
Interesting.
In 50 something years there’s going to be a lot of people who are currently against these policies and they are going to say something equivalent to „We could have never seen this coming, who knew it would be this bad?“.
And then probably follow it up with a „Ah well it has gone to shit already, how much worse could it get?“
>Italians face the fourth-highest power bills in Europe, in part thanks to a heavy reliance on gas-burning power plants — amounting to some 44 percent of Italy’s energy mix — which set a higher price for the whole market.
Wouldn’t it be better and cheaper in a medium-long term prospective to invest all that money for the bills in investing in alternative sources of power? More wind farms or solar power stations, or even nuclear power stations, just saying…
Moving back and forth on hydrocarbon and green energy ain’t helping making your industry competitive. Especially if your gas comes from the US. Just making things more costly and annoying.
You lack scale, and your profit margin is way too high. The green energy is there so that you have sovereign energy infrastructure and not relying on Russia or the USA.
Ma certo, perché decarbonizzare? 3.3°C di incremento al 2100 cosa vuoi che siano!
Conservatives: “no we don’t want any concrete measures to fight climate change, lets use carbon price so the market can decide.”
Also conservatives as soon as the carbon price picks up and the markets gonna decide:
It would be nice if politicians just for once would start planning ahead for a little longer than the next election cycle – thankfully I’m not living in a coastal city, but screwing over future generations for short term profit is unacceptable.
We humans suck.
https://youtu.be/JLubu0orxPw?si=PHrdFjjkcXaBrmjj
Are we talking about the same italy that lies in the mediterranean area with high Solar radiation and good Winds from the sea and also In the mountains?
Italy and wrong side of every take is a given at this point.
Serve il nucleare in Italia
How about renewables like so many others?
The same Italy that is uniquely well-suited for wind and solar, and one of the European countries that will suffer the most from global warming.
That’s what happens when you elect a fascist government. Sacrificing the future to please foreign gas producers.
Meloni is ideological friends with Trump, don’t think she has much credibility in environmental policy. We need the carbon trading system in 2027, or else things like European green steel will never happen…
These carbon credits became a speculative tool on a trading market, making many many millionaires and paralyzing our anyhow struggling manufacturing.. who can’t see that
These effing idiots have been building as much natural gas generation as they can and now they complain. Morons.
A prelude to what will come next if extreme right wins more seats in european governments in the next elections.
Another reason to be ashamed of the Italian government….
Considering recent events, a **temporary** pause would not be a bad idea. Renewables are great and I’m completely in favour of investing in them, but oil prices will have a huge spike tomorrow when markets open (an oil tanker was just attacked on the Strait of Hormuz which is now effectively closed) and people still need to fill their tanks to drive to work. Also, if the price increase is sustained over some time, it will cause inflation in other essential goods, like food.
(I know this comment will get downvoted to oblivion, but it’s ok, I’m a big boy, I can handle it.)