What are oil companies doing to drive European companies out of business (not saying they aren't, I just don't know)?
Also, we've started exporting because of carbon credits--which caused prices to skyrocket.
I'm sure my sewer bill would be a lot lower if I could just pipe my sewage into your garden.
And the worst thing is other regions like US or China don't have such a tax, causing industry offshoring. It's a noble case to want to subsidize ren sector, but this method is hurting EU more than helping
Subsidizing production is itself a market distortion.
Market is always distorted one way or another depending on the goals. Co2 tax too is a market distortion since the tax value is chosen arbitrarily
This dilemma leads to various kinds of magical thinking, like "nuclear will save us" or "climate change isn't real".
But I think it's a huge investment that would take decades.