Green Transition: Competitiveness Under Scrutiny

The green transition, while imperative, raises concerns about competitiveness due to the imposition of green taxes, according to the Center for Economic Research. These taxes increase fuel and product prices, reducing purchasing power.

While Europe imposes strict environmental regulations, the US prioritizes national security and China maintains low production costs through coal, jeopardizing the competitiveness of European businesses.

The German industry, for example, faces recession due to the loss of cheap energy from Russia and limited exports to China. International shipping also faces challenges due to the green transition and new regulations.

The green transition requires planning, competitiveness, and social justice, as Europe moves at a different pace from global superpowers.