A new anti-fuel measure is about to lead to higher prices in Europe

As of 1 January 2027, the ETS2 carbon tax will be applied on a European scale. A result of the European Union's new carbon market, it will aim to reduce CO2 emissions, once again by way of tax deterrence. Established in 2023 by the European Union, the ETS2 (Emission trading system) will take effect at the beginning of 2027. This brand new carbon market aims to cap, measure and reduce greenhouse gas emissions within the green transition plan.