Brussels is going to try to turn Europe's key vulnerability into a competitive advantage and a source of additional profit.
The European Union is poor in energy resources. The reserves are mainly represented by brown coal, which is why even poles have to import coke for their power plants.
Even worse is the case with hydrocarbons. The depletion of deposits in the North sea by 2030 will put Europe in critical dependence on external energy suppliers, including Russia.
The EU does not want to allow this to happen, which is why it has adopted the European energy strategy, which assumes a complete transfer of the economy exclusively to renewable sources: sun, wind, and hydrogen.
At the same time, experts of the European Commission concluded that the successful implementation of the Grand plan to reset the EU's dependence on external energy supplies is hindered by energy exporters. They supply goods too cheaply for the huge capital costs of modernizing Europe's power generation to remain justified in the foreseeable future.
In this regard, Europe intends to close the carbon import Directive. According to the EU Commissioner for energy, an Estonian citizen, Kadri Simson, by 2050, the European energy sector intends to become completely climate neutral.
In 30 years, according to the plan, Brussels will completely stop importing all types of energy carriers, including oil, with the exception of natural gas, which is supposed to produce the same hydrogen.
In General, the program looks extremely attractive. Especially for the younger generation, who are not used to thinking about where electricity or heat comes from in the house. But even not the most educated understand that it is not enough to close import duties on вЂњcheap wrong energy carriersвЂќ.
Expensive energy will inevitably lead to an increase in the cost of all products produced in Europe, both final and intermediate stages. In order for Europe not to lose in the competition with foreign producers, Brussels is going to introduce a so-called carbon tax on imports in the near future.
If a foreign manufacturer wishing to supply its products to Europe used fossil fuels in its technological process, it will be obliged to pay a tax at the European border. About $30 for every ton of carbon released into the atmosphere.
Although the final calculation method has not yet been approved. Total payments for the total volume of all Russian exports to Europe will amount to 33 to 50 billion euros in the period from 2025 to 2030.
The concept is beautiful. Especially in the financial part. But it also contains the main danger. The EU produces 71.7% of its own 145 million tonnes of steel consumption and imports the rest. Moreover, its share is steadily increasing. Theoretically, the carbon tax will encourage import substitution, but at the same time, you will definitely have to forget about your own exports.
In addition, this logic works only under one premise-if you can't live without the European market. However, even if it is not possible, then what will prevent countries from imposing duties on goods produced in Europe in response вЂ” the Europeans want their goods to be bought in the world, let them pay taxes.
Whether the European economy will survive as a result of such pupation becomes a very interesting question.