As you probably know, emission allowances will apply to households from January 2027. At first glance, this seems like another tax — we will have to pay for living, heating, eating and driving — but the mechanism is actually different and far more sinister.
The original concept was that everyone would receive a corresponding number of allowances to cover normal living costs. Those who lived more frugally could sell their surplus allowances to extravagant rich people who needed a lot of them.
But it won’t work that way. The European Commission will sell personal allowances to multinational investment funds. When Hampl wants to heat his home, he will have to buy these allowances from the investment fund at a price determined by the fund. Technically, this will be done by the energy supplier, who will add the cost to Hampl’s gas bill. This is akin to the medieval model where the ruler sold the right to collect taxes to a moneylender and didn’t care about anything else.
Meanwhile, the Israelis have announced that they have technology for storing CO₂ underground. Currently, one tonne of CO₂ costs €70, which is less than the price of an emission allowance. As the price of emission allowances rises, this technology will become cheaper over time.
They no longer even pretend to protect nature or reduce CO2.
Incidentally, have you noticed that non-profit organisations, neo-Marxists and gender-neutral individuals glued to the tarmac have disappeared from the diagram? Even the Illuminati conspiracy is absent. All that’s left are financial institutions that have escaped all regulation and are pursuing the goal for which they were created: to achieve the highest possible profit at any cost.
