With electricity prices sky-high, at the end of 2021 Romania’s government slapped huge new taxes directly on energy producers, with one huge carve out: the tax only applies to green energy producers – fossil fuels are exempt. Worse, Bucharest amended other laws that effectively cancel the nation’s Green Certificates scheme, the only renewable energy incentives in place. Just months after agreeing to phase out coal, green investors are being punished. In this edition of Romania’s Power Move, Lead blogger and podcaster Michael Buchsbaum explains this fresh challenge to renewables.
All posts tagged: Eco-Tax
Carbon price: necessary, but not sufficient
In the run-up to the EU elections, German Environmental Minister Svenja Schulze has now said that she supports French President Macron’s climate plan, including a floor price for carbon. And Chancellor Merkel has now joined her in calling for “carbon net neutrality” by 2050. But the market can’t fix everything, says Craig Morris.