Green tax, from January 2027 - Greek families face 800 million euros in additional costs
Significant fuel price increases are expected from January 1, 2027, with the entry into force of new tariffs that will affect households and businesses across Greece. Fossil fuels, such as gasoline, diesel, natural gas and any other type of fuel that emits pollutants, will be taxed, with the aim of reducing emissions by 42% by 2030, compared to 2005.
The European Commission has handed over the responsibility to member states to mitigate the impact of the new regulation on households and businesses. With the implementation date approaching and recognising the pressures on energy prices and business competitiveness, Brussels has issued several recommendations to member states and announced that it will publish additional guidelines on reducing energy taxes.
The Greek government has faced protests from economic operators in the sectors that will be affected by the regulation, as the costs are unsustainable. It is about 1 billion euros per year for the period 2027-2032 and more in case of high fluctuations in carbon prices.
Over 150,000 small and medium-sized enterprises are expected to be affected by the measure, as well as more than 1.5 million households, who already have difficulty meeting their energy and transportation needs.
According to a study by the Institute for European Energy and Climate Policy (IEECP), Greek small and medium-sized enterprises will face an additional cost of 2 billion euros for the period 2027-2032, or about 330 million euros per year, which could reach up to 3 billion in the event of higher prices.
The total burden on consumers is estimated at 800 million euros per year, based on current carbon dioxide prices (€45 per ton) and assuming that fuel consumption in 2027 will be the same as today.
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