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https://freedium.cfd/https://medium.com/the-new-climate/the-price-we-must-pay-navigating-emissions-trading-schemes-b86c6d9e4dba>
"Imagine residing on an island barely 26km by 12km, shared with 520,000 local
inhabitants and almost 3 million visiting tourists every year. This is on an
arid land that can naturally only support about 30,000 people. If that sounds
unsustainable, it's because it is. This shortfall is worsening as the
population grows, and agricultural production continues to decline.
That island is Malta, and to compensate our shortfall here, we import 90% of
all our needs, including food, leaving it particularly vulnerable to overseas
market changes. The recent surge in inflation, primarily triggered by
post-pandemic disruptions and the war in Ukraine, has presented considerable
challenges for many countries including Malta.
Only recently have prices begun to stabilize, making the weekly shop a more
predictable affair, which is a relief for many. Unfortunately, a constant sense
of dread remains, fearing that the inflation beast may return, possibly sooner
and hungrier than before.
In January 2024, an upcoming EU-wide carbon tax on shipping is anticipated to
have significant repercussions for European consumers, not least those of us in
Malta.
This impending tax is poised to increase the costs of shipped imports and
exports, representing a noteworthy development as the European Union extends
the scope of its CO2 emissions trading scheme (ETS) to include shipping
companies. Malta being an island nation, heavily reliant on shipping for its
trade connections, is expected to experience distinctive challenges. So the new
ETS regime has consequences."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
