Posted on 10/22/2025 7:10:25 PM PDT by E. Pluribus Unum
Put this in the ‘beyond ridiculous’ file that explains the current situation of a contracting European economy; specifically, in the auto sector.
Europe has fines associated with the production of gasoline powered engines if the auto company doesn’t hit targets for sales of electric vehicles. The fines triggered this year. In order to avoid paying the European fines the auto makers are forming alliances with Chinese EV makers to purchase carbon credit offsets.
In essence, EU car companies buy Chinese car company carbon credits, to avoid the EU fines. The Chinese car companies can then use the carbon credit revenue to subsidize lower priced Chinese EVs to the European car market, thereby undercutting the European EV car companies. BRILLIANT!
MILAN, Oct 21 (Reuters) – Automakers have formed alliances to help them avoid hefty European Union fines on carbon emissions by purchasing credits from electric vehicle companies. Several legacy automakers face potential fines as the transition to EVs in Europe has proved slower than expected in recent years.
EU fines – which automakers have said could reach up to 15 billion euros ($17.5 billion) – were initially envisaged on 2025 carbon emission levels. In March, however, the European Commission yielded to pressure from automakers and allowed compliance based on their average emissions over 2025-2027. (read more)
Nissan is purchasing carbon credits from China’s BYD (Build Your Dream). South Korea is purchasing from Xping. Mercedes and Volvo are purchasing carbon credits from Chinese automaker Geely.
BYD and Geely are selling super cheap EVs into the entire EU car market. lol 😂 You can’t make this stuff up.
The EU economic offset plan? Let’s go to war with Russia.
Brilliant!
(Excerpt) Read more at theconservativetreehouse.com ...
Indulgences. That’s what carbon credits are.
Change my mind.
,,, economic sabotage.
Is this like the Catholic tradition of selling indulgences?
LOL... I guess we think alike. That is exactly the thought I had when I read the title to the article.
FU EU
That’ll work because we all know that money can reduce greenhouse gases and stop the dreaded *climate change*.
.
I’m trying to wrap my head around this:
China- the MOST polluting country in the world; sells Carbon Credits to EU countries so they can meet their Climate Goals.
Who decides who has Carbon Credits to sell?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.