Carbon tax "threatens" Greek families - EU measure to reduce emissions will increase costs for consumers
The European Union will impose a new carbon tax on fossil fuels starting from January 1, 2027, targeting buildings, road transport and small industries. The regulation will tax petrol, diesel, natural gas and other polluting fuels used for heating, transport and small industrial operations. The target is to reduce emissions by 42% by 2030, compared to 2005 levels.
Based on current CO2 prices of 45 euros per ton, the Association of Petroleum Companies estimates that Greek consumers will face an additional 800 million euros per year in fuel costs, assuming that consumption in 2027 remains at current levels.
Research by the Green Tank organization shows that 1.15 to 1.17 million Greek households sensitive to energy costs (26.5% of all households) and 448,000 to 475,000 households vulnerable to transport costs (13.9%) will face expenses ranging from 833 million to 1.6 billion euros over the period 2027–2032.
“Fuels, already burdened with the highest EU tariffs, which account for 60% of their value, will face another high tax that will burden Greek consumers and reduce competitiveness,” explain sector experts. Based on the current prices of emission rights, gasoline will increase by 10.2 cents per liter, diesel by 11.3 cents and heating oil by 14 cents.
The European Union has created a Social Climate Fund with a budget of €65 billion to support vulnerable households and small businesses, with member states contributing at least 25%. Greece will receive 5.52% of the total funds. Green Tank proposes immediate payments to vulnerable households and structural measures, including housing renovations, heat pump installations and subsidies for electric vehicles, totalling €11.9-15.5 billion by 2032.
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