BRUSSELS — Postponing the start of the EU’s new carbon levy for building and road transport emissions by one year to 2028 is going to cost European governments lots of money, according to a top Danish official.
Denmark, for instance, is estimated to lose a half-billion euros ($583 million) in future revenues from the delay of the new carbon market (known as ETS2), said Christian Stenberg, deputy permanent secretary of state at the Danish climate ministry, at POLITICO’s Sustainable Future Summit.
“The delay will mean that we will lack that tool for one year,” he told a panel discussion. “It will cost us quite a bit of revenue that we could have gotten,” he added. “About €0.5 billion.”
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“For the Danish economy [it] is not little,” he said.
