Nice quote: "The digital revolution has shattered [our common] mirror, and now the public inhabits broken pieces of glass. So the public isn’t one thing; it’s highly fragmented, and it’s basically mutually hostile. It’s mostly people yelling at each other"

To my knowledge, the EU introduced emission trading (ETS1) precisely because the required unanimity on tax matters meant that no ambitious EU-wide CO2 tax could be agreed on - the same would hold for an ambitious ETD. It's one of the last Greed Deal files yet to be closed with no agreement in sight

Yes of course, the 45€ is at 2020 prices, thanks for the reminder!

... funds to mitigate the impact of the pricing system already in 2026-27. It would be helpful if some that revenue were earmarked to fund investments in decarbonising buildings and transport. 5/5

... to be hoped that the system will be tightened, as happened with the ETS1, in the not too distant future. We really don't have much time left.

🔹 A mechanism to frontload ETS revenues for Member States is being explored by the Commission and the European Investment Bank, making available... 4/

🔹 Beyond 2030, an amount equivalent to 10 years (!) of ETS2 emission reductions will be available to be released in the market "in case this is needed to stabilise the price".

👉 As a result, the ETS2 will now take quite some time to become effective. While a smooth start is welcome, it is... 3/

... emission allowances can now be injected into the market if the price exceeds 45€ per ton of CO2. The total number of allowances available per year for that purpose now exceeds (!) the required annual emission reduction.
2/

"... Oder anders: Das Paris-Abkommen funktioniert auch unter widrigen Umständen, und für echten Klimaschutz sorgt derzeit die Wirtschaft. Ohne das Abkommen von vor zehn Jahren wäre letztere aber vielleicht noch nicht so weit." 2/2

Genau deshalb ist zusätzlicher Investitionsbedarf heute so groß. Mario Draghi schätzt die jährliche EU-Investitionslücke auf etwa 750-800 Mrd. Euro, also rund 4-5 % des BIP. Ohne massive öffentliche Investitionen bleiben Energie-, Digital- und Klimaziele außer Reichweite. 6/

Exactly. Going the Danish way and pursuing ambitious climate policy instead of the current backsliding is what's needed in AT/DE. Lots of good practice to learn from 💪🏻

There's a lot more to the Danish story than offshoring. The country started decarbonising its buildings, energy & transport sectors way before most other countries, using innovative policies and even managing to bring stakeholders together to introduce carbon pricing in agriculture.