EU approves 90% emissions cut by 2040 via ETS2, exploding fuel, heating, and food prices while deepening energy poverty.
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27 EU states ratify NDC for 90% greenhouse gas reduction by 2040. Intermediate target cuts emissions 66-72.5% by 2035 versus 1990. ETS2 launches 2027 taxing CO2 in transport, buildings, heating. Gas rises 25 zł/MWh in 2027, over 47 zł/MWh by 2030. Coal jumps 306 zł/t in 2027, 560 zł/t by 2030. Gasoline adds 0.54 zł/liter, diesel 0.65 zł/liter. Higher energy costs inflate food, services, production. Coal-dependent countries face worsened energy poverty. Subsidies planned for heat pumps, EVs, building upgrades. Transformation remains costly despite supports. Declaration heads to COP30 in 2025.

Europe and the EU Global warming Green Deal Coal Economy ETS Energetics Politics

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