Polish Prime Minister Mateusz Morawiecki has published an article on the Brussels-based internet portal Euractiv, calling for a complete overhaul of the carbon trading system.
In his view, the rise in carbon market prices (ETS) is spiraling out of control and hitting the budgets of ordinary citizens, threatening to undermine people's financial stability and citizens' confidence in the European Union's climate policy as a whole. Morawiecki criticized the approach of European Commission President Ursula von der Leyen, who said rising energy prices were contributing to the EU's transition to "green energy sources".
According to the Polish Prime Minister, the rise in carbon prices, which translates into rising energy prices, which in turn is passed on to consumers, destroys the principle of a fair transition to a green economy and only contributes to the expansion of speculative play in the ETS market.
Morawiecki stressed that a bubble has already formed in the market, which can only be eliminated by urgent reform of the entire system and the adoption of new regulatory measures.
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