Starting in 2027, the European Union will expand its emissions trading system (ETS) into new territory with the launch of ETS2. While the original ETS primarily targeted heavy industry and power plants, ETS2 directly impacts ordinary citizens — their homes, their cars, their daily lives.
Under the guise of ’saving the climate,’ the EU will steadily make gasoline, diesel, and gas for heating more expensive. But let’s be honest: ETS2 has very little to do with protecting the environment. It is about economic control, wealth redistribution, and the consolidation of power among banks, large corporations, governments, and the European Commission.
Formally, everything remains ‘voluntary.’ You may continue driving a gasoline car. You may continue heating your home with natural gas. But every choice that deviates from the state’s ‘sustainability goals’ will become economically unbearable.
This is not a direct expropriation of property, but it is economic subjugation through price pressure, regulation, and redistribution of the proceeds. Instead of free choices, citizens and companies are financially forced to adopt government-approved behavior.
Who benefits?
Banks, investment funds, multinational corporations, government treasuries, and the European Commission. Financial giants like Goldman Sachs and Deutsche Bank are already making billions from trading CO2 certificates. Governments are raking in massive revenues from the auctioning of emission permits. Meanwhile, large corporations that receive free allowances or have surplus certificates can sell them for profit—all while greenwashing their public image.
And who bears the cost?
Ordinary citizens, small businesses, the transport sector, and independent entrepreneurs. They will face hundreds of euros in additional costs every year just to heat their homes and drive to work. The most vulnerable are promised compensation through a ’Social Climate Fund’—a government handout that makes them ever more dependent on state aid.
This brings us to the deeper question: What direction are we heading in? Is this communism, where the state owns the means of production? Or is it fascism, where the state controls production and merges with big business to dominate society? In truth, ETS2 signals a new hybrid system. Private ownership remains in name, but real control is exercised through regulations, price manipulation, and conditional subsidies. The market is not abolished; it is repurposed around ideological objectives. Economic freedom exists only for those who can afford to comply.
The Brussels technocratic pressure is sold as a ‘necessary transition,’ but in reality, it is dismantling the foundation of our economy, destroying the middle class, and eroding prosperity. Instead of fostering genuine innovation, ETS2 punishes those who lack the resources to “comply.”
While banks and corporations speculate and profit, the hardworking EU citizen is soon faced with a grim choice: freeze in the winter or take on debt for a heat pump they neither asked for nor needed.
The EU claims that prices will rise “gradually” and that safeguards are in place to prevent social unrest. But history teaches us that once new taxes and levies are introduced, they rarely disappear. Temporary exceptions inevitably become permanent rules.
ETS2 will not be the end of it.
After homes and cars, aviation, agriculture, and consumer goods will follow. Every sector deemed ‘unsustainable’ will face similar price manipulation. Personal freedom will continue to shrink, not through open political force, but through economic coercion masked as environmental stewardship.
And for those still believing they will retain the freedom to choose: A choice that becomes financially impossible is no longer a real choice. It is coerced compliance. It is economic submission.
Remember the words of Margaret Thatcher: “Global warming provides a marvelous excuse for global socialism.” Climate change must never be used as an excuse for economic servitude. Say no to green tyranny. Say yes to freedom, prosperity, and choice.
By Rob Roos.
This article was originally published in European Conservative.
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