Hungarian Prime Minister Viktor Orban has dismissed European Union plans to sort out local weather change as a “utopian fantasy”, and urged inexperienced measures have been pushing up power prices in Europe.
“Elevating the costs, having a brand new regulation, rocketing the costs to the sky, destroying the center class,” Orban stated late on Thursday, referring to proposed EU local weather measures, on his arrival to a summit of EU leaders.
“Frequent sense on one facet and fantasy on the opposite one. And utopian fantasy kills us – that’s the issue with power costs as nicely.”
Analysts and the European Fee have stated the primary driver of excessive electrical energy prices in Europe has been hovering fuel costs, whereas the EU carbon market has contributed as much as a fifth of the facility value rise.
Brussels has proposed a bundle of recent local weather insurance policies, which EU international locations might want to negotiate and approve earlier than they take impact.
(Reuters)