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More emissions trading instead of small-scale regulation

Date

26 May 2021

Sections

Trade & Society
Climate discussions in the EU Council

Brussels/Frankfurt, 26 May 2021 - Commenting on the discussions on climate protection and emissions trading in the EU Council, Thilo Brodtmann, Executive Director at VDMA, says:

"There is agreement in the EU Council on the climate target, but apparently nothing more - this is not a good basis for all further steps on this complex issue. It also shows that Germany's rushing ahead is not exactly speeding up the negotiations. The mechanical engineering industry supports the greenhouse gas reduction of 55 percent by 2030 and we also support in principle the proposed addition to emissions trading for the buildings and transport sectors.

The path to the climate target must be flexible. With regards to the EU Commission's climate legislation package, which is due to be published in mid-July, the EU Commission must not lose itself in small-scale regulation. Companies really need a market-based framework to advance climate protection. This includes an adjustment of emissions trading and the associated minimum price, as well as the freedom to drive innovation and be able to finance corresponding investments. With its green technologies, the mechanical and plant engineering industry contributes significantly to climate protection and enables the green transition.”

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