LFMI: Brussels’ ambitions tantamount to higher prices and fewer factories

The Lithuanian Free Market Institute (LFMI) urges the Lithuanian government to disapprove the EC proposals to reduce greenhouse gass emissions by 40 per cent by year 2030, as envisaged in the EU policy framework for climate and energy in the period from 2020 up to 2030.

This ambitious GHG reduction will cost twice as much for Lithuania and other Central and Eastern European countries as for Western countries. “While we keep reducing the emission at the expense of EU citizens and enterprises, other industrialized countries will continue to raise it. Factories and plants will flee the EU to other countries which have not undertaken any obligations. The share of the total CO2 emission will decrease in the EU, but globally the pollution will not change,” LFMI’s President Žilvinas Šilėnas argued.

LFMI has submitted policy proposals to the Lithuanian authorities responsible for Lithuania’s position on the 2020-2030 policy framework for climate and energy. The document can be found here: http://www.llri.lt/?p=12525