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The EU Emissions Trading Scheme (EU ETS) is the most important mechanism for the energy transition and European climate protection. So far, it has mainly affected large combustion plants, energy-intensive industries and aviation. They cause about 40% of European emissions. The "Cap & Trade" system of the EU ETS reduces the emissions of the affected sectors year by year. It determines how many emissions may be emitted in total. So-called emission allowances can then be freely traded on the market.
The EU cannot achieve its climate targets (55% reduction of GHG emissions by 2030 and climate neutrality by 2050) without the buildings and transport sectors. Therefore, the European Parliament is expected to discuss in June the framework for the extension of the EU ETS to buildings and transport for the year 2025. Furthermore, the ETS is to save 24 additional percentage points by 2030 in relation to the previous target and no free allowances are to be issued from 2030 onwards. The expansion and tightening are necessary steps, but will pose challenges for businesses. The German Chamber of Industry and Commerce (@DIHK), for example, warns of disadvantages for German companies in international competition.
We are convinced: companies must reduce their emissions now. No one can afford to wait, at the latest with legal obligations. As M&P Group, we are a competent partner for climate protection strategies, energy planning and real estate development. Contact us and let us reduce your emissions today.
#Emissions trading #Buildings #Climate #EngineeringForABetterTomorrow
Sources:
Trade in CO2 certificates: Emissions should cost more - taz.de
Reform of EU emissions trading could place a considerable burden on businesses (dihk.de)