this post was submitted on 07 Aug 2023
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EU ETS 1 certificates are at 82€/t right now. The number of certificates is going to be reduced to 45% of 1990s level of the EU27. That should take care of fuel payments.
The issue here is that a lot of EU countries had massive offshore wind auctions. Germany just had a 7GW North Sea auction, a few months ago. This means higher demand for specialized hard to built equipment and specialized workers. This is not stuff you can just built in a week either, but specialized ships and so forth.