‘EU Imposes The World’s Largest Carbon Tax Scheme, Inflationary Madness Sets In’
Steel: The agreed #EUETS reform & #CBAM puts a phase-out of coal-based blast furnaces in the 🇪🇺 by 2034 within reach!
For industrialised steelmaking countries, this will become a new important benchmark. A very strong signal to accelerate the global steel transformation. 🧵1/7 pic.twitter.com/UcvOdgDfTK— Wido K Witecka (@KWitecka) December 20, 2022
While some believe that imposing taxes to reduce carbon emissions is good, others have a different view:
EU Imposes The World’s Largest Carbon Tax Scheme, Inflationary Madness Sets In
December 20, 2022
Carbon Border Adjustment Mechanism
To prevent “carbon leakage” the European Parliament Reached a Deal on a Carbon Border Adjustment Mechanism, CBAM for short.
An EU Carbon Border Adjustment Mechanism (CBAM) will be set up to equalise the price of carbon paid for EU products operating under the EU Emissions Trading System (ETS) and the one for imported goods. This will be achieved by obliging companies that import into the EU to purchase so-called CBAM certificates to pay the difference between the carbon price paid in the country of production and the price of carbon allowances in the EU ETS.
CBAM will cover iron and steel, cement, aluminum, fertilizers and electricity, as proposed by the Commission, and extended to hydrogen, indirect emissions under certain conditions, certain precursors as well as to some downstream products such as screws and bolts and similar articles of iron or steel.
Before the end of the transition period, the Commission shall assess whether to extend the scope to other goods at risk of carbon leakage, including organic chemicals and polymers, with the goal to include all goods covered by the ETS by 2030.
CBAM is part of the “Fit for 55 in 2030 package”, which is the EU’s plan to reduce greenhouse gas emissions by at least 55% by 2030 compared to 1990 levels in line with the European Climate Law. …
The EU says CBAM is neither a tax nor a tariff. It’s an “adjustment mechanism” to “level the playing field“.
Yeah right. https://www.zerohedge.com/weather/eu-imposes-worlds-largest-carbon-tax-scheme-inflationary-madness-sets
European Union Commission President, Ursula von der Leyen, has long pushed for ‘green taxes’ (e.g. Ursula vonder Leyen puts forth ‘European Green Deal;’ Could she be the prophesied ‘raiser of taxes’?). Notice a report about that:
August 25, 2022
The EU has set a comprehensive plan to achieve its goals under the Paris Agreement, committing to achieve net-zero greenhouse gas emissions by 2050. …
Overcoming cost-related barriers will have to be achieved through learning-by-searching (i.e., the development of cutting-edge technological solutions), learning-by-doing (i.e., cost reductions associated with scaling production and technology development), and other innovation processes that can significantly reduce costs and guarantee comparability in terms of economic viability. For this reason, we must broaden and enhance innovation policies that support the uptake of low-carbon technology, with the ultimate goal of allowing comprehensive climate policy to drive technology deployment.
In order to bridge this commercialisation gap, a variety of policy options are currently being put forward: the EU taxonomy, Carbon Border Adjustment Mechanism (CBAM), the revision of state aid guidelines for energy and climate and the EU Energy Taxation Directive, as well as green public procurement or carbon price floors. https://www.catf.us/2022/08/why-carbon-contracts-difference-could-policy-measure-europe-needs-decarbonise-industry/
In July 2021, the European Commission did something that no other major governing body had ever attempted: It tied trade policy to climate policy. Reaching the European Union’s goal of cutting net greenhouse-gas emissions by 55% by 2030 will require the EU to reduce emissions both at home and beyond its borders. To this end, the Commission’s Fit for 55 initiative, a package of proposals aimed at meeting the bloc’s emissions-reduction target, includes a carbon border adjustment mechanism (CBAM) – an import tax designed to corral other countries into tackling climate change.
The CBAM would tax imported goods sold in EU markets on the basis of their carbon content (the emissions required to produce them), which depends on their material and energy inputs. The proposed levy is intended to address so-called carbon leakage, which occurs when businesses in the EU move production to non-member countries with less stringent emissions rules.
In other words, Europe would no longer ignore the climate effects of foreign goods. But while the measure could help to reduce emissions and level the competitive playing field for EU-based firms, the trade protectionism that it entails risks hurting developing countries.
The CBAM will initially apply to the highest-emitting industries most at risk of leakage – iron and steel, cement, fertilizers, aluminum, and electricity generation – and will likely be expanded to other sectors in the coming years. Currently, EU-made products in these industries are taxed under the domestic carbon price, but those from outside the bloc are not. If a country already has a domestic carbon price, the border tax will be lowered or waived; this is meant to encourage countries to tax carbon in their own markets. Those that cannot or will not institute a carbon tax will have to pay the full levy.
The EU tax will be phased in over the next four years. By 2023, importers will be required to report emissions embedded in the goods they import, though the tax on those emissions will not be imposed until 2026. The €1 billion ($1.1 billion) of annual revenue expected from the CBAM, as well as the €9 billion in annual revenue expected from the EU Emissions Trading System from 2023-2030 and taxes on multinational corporations, will support the Union’s €750 billion COVID-19 pandemic recovery fund. These new sources of revenue will embed EU priorities – including the green transition – in the bloc’s budget for the first time.
Though not yet approved, the proposed tax is already influencing the decisions of policymakers and companies in the EU’s trading partners. 06/24/22 https://www.project-syndicate.org/commentary/eu-carbon-border-tax-could-hurt-developing-countries-by-miriam-gonzalez-durantez-and-calli-obern-2022-06#:~:text=Those%20that%20cannot%20or%20will,not%20be%20imposed%20until%202026
Taxing imported goods, as well as domestic companies, will raise prices for consumers.
Could Ursula von der Leyen and her proposed raising of taxes possibly have been prophesied in the Book of Daniel?
In Daniel 11:21, referring in original, typical fulfillment to Antiochus Epiphanes, there shall stand up a vile person … So once again before the second coming of Christ, a vile leader will stop the daily sacrifices being offered … This same prophecy spoken by Jesus is also reported by Luke…21:20-24 (Armstrong HW. Personal, Plain Truth magazine, June 1967).
20 “There shall arise in his place one who imposes taxes on the glorious kingdom; but within a few days he shall be destroyed, but not in anger or in battle. 21 And in his place shall arise a vile person, … (Daniel 11:20-21a)
The “vile person” is the final King of the North (who is also the final Beast of the Sea of Revelation 13:1-10).
Presuming that the Hebrew allows for a woman to hold this role–if not, it cannot be her–is it possible that Ursula von der Leyen could fulfill that?
If her commission’s proposal does raise a lot of taxes and then she is gone or dies soon, notice what happens shortly thereafter:
21 And in his place shall arise a vile person, to whom they will not give the honor of royalty; but he shall come in peaceably, and seize the kingdom by intrigue. 22 With the force of a flood they shall be swept away from before him and be broken, and also the prince of the covenant. 23 And after the league is made with him he shall act deceitfully, for he shall come up and become strong with a small number of people. 24 He shall enter peaceably, even into the richest places of the province; and he shall do what his fathers have not done, nor his forefathers: he shall disperse among them the plunder, spoil, and riches; and he shall devise his plans against the strongholds, but only for a time. (Daniel 11:21-24)
While I do not believe that the 31 December 2022 date with the minimum corporate tax is the final fulfillment of Daniel 11:20, it could be part of the foundation for it.
That said, it seems that perhaps it will be the person coming into office after Urusla von der Leyen leaves that will be this person. The next leader would be expected to come in in late 2024 and instead may very well be that person. The timing would seem to point to that.
That said, time is getting short (see Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End?). And if various taxes are raised in Europe, this may signal how close we may be to the rising up of the final King of the North, and also the Antichrist.
Now, there was a type of fulfillment of Daniel 11:20 thousands of years ago:
Verse 19 — Antiochus next turned his attention to the fortresses of his own land, in the east and west. But, attempting to recruit his dissipated wealth by the plunder of the Oriental Temple of Belus, in Elymais, he was killed, 187 B.C.
Verse 20 — Seleucus IV Philopator (187-176), his son, in an effort to raise money, sent a tax collector, Heliodorus, through Judea. But he reigned only 11 years, when Heliodorus poisoned him.
Verse 21 — he left no heir. But his brother, a younger son of Antiochus the Great, named Epiphanes (Antiochus IV), a contemptible reprobate, came by surprise and through flattery took the kingdom. (Armstrong HW. The Middle East in Prophecy. Worldwide Church of God, 1972)
But since many prophecies in Daniel 11 are actually for the “appointed time” (Daniel 11:27,29,35) of “the end” (Daniel 11:27,35,40) as the chapter shows, they still have future fulfillment.
Unless something changes, Ursula von der Leyen is supposed to be in office for five years–and out by the end of 2024. Seleucus IV Philopator lasted 11 years.
Because of the prophesied death of the raiser of taxes and the quick rise thereafter by the final King of the North, this is a matter of major significance to watch for, presuming it has a future fulfillment.
UPDATE 09/11/22, we just uploaded the following related video:
Daniel 11:20 tells of “one who imposes taxes on the glorious kingdom.” The European Union is implementing a 15% minimum corporate tax for large multinational corporations by 31 December 2022. Could that fulfill Daniel 11:20? What about the proposed “Carbon Border Adjustment Mechanism” (CBMA) which would seem to increase costs to European consumers? Windfall profits wax? When might we see the fulfiller of Daniel 11:20? Will this tax imposer die to ultimately be replaced by a dictatorial Beast, biblically also referred to as the King of the North, of a reorganized Europe? Why can this be for the 21st century as opposed to the time near Antiochus Epiphanes? Does Daniel 11 refer to the appointed time of the end? Could the death of the imposer of taxes be of major prophetic significance? Dr. Thiel and Steve Dupuie discuss these matters in this video.
Here is a link to that video: ‘One Who Imposes Taxes’ is Prophesied for Europe.
The death of the “one who imposes taxes” looks to be an important sign.
If Ursula von der Leyen dies in office, it is possible she could be the one that fulfills Daniel 11:21. On the other hand, if the raiser must be a male, then it could not be her.
As Jesus said, “Watch” (cf. Mark 13:37).
Some items of possibly related interest may include:
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States? In the Spanish language check out ¿Quién es el Rey del Norte? Here are links to two related videos: The King of the North is Alive: What to Look Out For and The Future King of the North.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
European Technology and the Beast of Revelation Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military Technology and the Beast of Revelation.
The Large Hadron Collider has Military Potential Some say this European project is only peaceful. So why is it working on capturing antimatter? Here is a link to a related video: Could the Large Hadron Collider lead to destruction?
Must the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations? Some claim that these passages refer to a gathering of 10 currently existing nations together, while one group teaches that this is referring to 11 nations getting together. Is that what Revelation 17:12-13 refers to? The ramifications of misunderstanding this are enormous. A related sermon is titled Ten Kings of Revelation and the Great Tribulation.
The Mark of Antichrist What is the mark of Antichrist? What have various ones claimed? Here is a link to a related sermon What is the ‘Mark of Antichrist’?
Mark of the Beast What is the mark of the Beast? Who is the Beast? What have various ones claimed the mark is? What is the ‘Mark of the Beast’?
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2030 or or 2031 or 20xx? There is also a video titled 6000 Years: When will God’s Kingdom Come? Here is a link to the article in Spanish: ¿Tiene Dios un plan de 6,000 años?
Might the U.S.A. Be Gone by 2028? Could the USA be gone by the end of 2028 or earlier? There is a tradition attributed to the Hebrew prophet Elijah that humanity had 6,000 years to live before being replaced by God’s Kingdom. There are scriptures, writings in the Talmud, early Christian teachings that support this. Also, even certain Hindu writings support it. Here is a link to a related video: Is the USA prophesied to be destroyed by 2028? In Spanish: Seran los Estados Unidos Destruidos en el 2028?
The Great Tribulation: What Happens First? What events have happened? What are some events that are now happening? And what events need to happen for the Great Tribulation to start? Here is a link to a related sermon video: Counting Down to the Great Tribulation. Here is a video in the Spanish language: Contando los eventos y el inicio de la Gran Tribulación.
When Will the Great Tribulation Begin? 2022, 2023, or 2024? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede la Gran Tribulación comenzar en el 2020 o 2021? ¿Es el Tiempo de los Gentiles? A related video is: Great Tribulation: 2026 or 2027? A shorter video is: Can the Great Tribulation start in 2022 or 2023? Here is a video in the Spanish language: Es El 2021 el año de La Gran Tribulación o el Grande Reseteo Financiero.
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