study predicts diesel could increase by 50 cents per liter – Explica .co
A study taken up by the European Transport and Environment Federation predicts a dramatic rise in the price of diesel which would affect us all.
June 2, 2021 (12:30 p.m. CET)
At what temperature can diesel or gasoline in the car be frozen?
Beyond diesel criminalization considering it harmful to health due to its NOx emissions, beyond the intentions of assimilate the tax on diesel to the tax on gasoline, and beyond the decisions of ban combustion engine vehicles, another decision would directly affect the price of this fuel.
the study “Exploring the trade-offs in different ways to reduce transport and heating emissions in Europe” by Cambridge Econometrics, and which was taken over Transport & Environment, shows what could happen very soon. The focus is directly on the carbon markets.
But first, what are carbon markets? These appeared in the mid-2000s with the objective for large companies to obtain the necessary emission reductions at a lower cost, and also to try to answer Kyoto Protocol. Companies that can take the necessary actions to reduce their emissions at low cost do them; but those who have more difficulty in doing so buy these emission rights and thus help finance the projects of the former.
Not only will the price of diesel become more expensive, but also that of heating in cities. Photo: iStock
So why can the price of diesel soar so high?
The Cambridge Econometrics study examines the idea of how the objectives of limiting CO2 emissions (55% in Europe) could have a direct impact on the price of diesel by 2030. This would happen if, as the European Transport and Environment Federation warns, the European Union – in our case – focus your goals primarily on carbon markets to achieve such CO2 reductions in road and domestic transport.
According to Transport & Environment, the price of carbon in the European Union would reach at the beginning of the next decade a cost of 180 euros per tonne, what would make the price of diesel more expensive by up to 50 cents per liter. This would mean, with the current price of diesel, a 40 percent increase in Spain. And beware, this would also affect all citizens, since gas heating prices would increase houses.
To prevent this from happening and achieve the long-awaited decarbonization of transport (among others), governments must have a much wider focus to achieve your emissions targets, thus scoring stricter standards in generalStrong national climate targets, more effective policies. How? ‘Or’ What?
For example, phase out combustion vehicles, as has already been discussed recently for 2050, the electrification of transport, the construction of a unified freight network, limit the carbon price, invest in cleaner means of transport such as the train, reinvest the income generated in low-emission technologies in cars and buildings, or pay “climate dividends” to citizens via, for example, reductions on the electricity bill, etc.
“The EU Green Deal can be an example to the world on how to make a quick and fair transition, but only if they use the adapted tools», Assures the climate manager of Transport & Environment, Sophie defour.