30 Oct 2018

German parliament and finance ministry ignore huge costs of climate inaction

Tageszeitung

Germany will likely have to buy emissions rights worth billions of euros for failing EU transport and agriculture climate targets in the 2020s, but parliament and finance ministry appear only dimly aware of this risk, writes Bernhard Pötter in tageszeitung. The finance ministry only told the paper that a reliable cost estimate was not yet possible, while the parliament’s budget committee said the topic was “not yet on its radar”.
Germany’s climate protection targets in the sectors not covered by the EU emissions trading scheme ETS are legally binding under EU law. If Germany does not achieve them, it will have to buy additional emission rights from other EU countries

Read the article in German here.

Get background in the article Germany may have to buy way out of EU climate goal - ministry paper.

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