Climate protection: Emissions trading divides industry - the steel sector is particularly split
The Chancellor's plea not to relax emissions trading and thus the climate protection targets is largely being met with criticism from industry. There is only isolated approval.
German Chancellor Friedrich Merz has urged the EU not to relax its emissions trading scheme, sparking a divide within the industry. Some companies support Merz's position, while others, such as the German Chemical Industry Association (VCI), are strongly opposed, warning that it could lead to deindustrialization. The emissions trading scheme aims to reduce CO2 emissions by making companies pay for their carbon output, with the goal of reducing emissions by 50% since its introduction in 2005.
The EU Commission has proposed reforms to the scheme, including making more allowances available for free and adjusting the linear reduction factor.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
