oil prices

The ETS 2 system will raise fuel prices. Without government preparation, people in regions who rely on cars for their commute will feel the impact the most. The European Fit for 55 package sets rules aimed at reducing emissions by 55 percent by 2030 and achieving climate neutrality by 2050. One of the main tools for achieving these goals is the ETS 2 system, which will introduce fees for fossil fuel emissions in the heating and transportation sectors starting in 2028. Analyst Rebeka Hengalová from the EUROPEUM Institute emphasized the need for systemic changes in an interview with EU Brief.