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News Wire / economy

German Business Leaders Oppose Emissions Trading Weakening

hr-iNFO Frankfurt 14d14d Impact 5

BASF and other business representatives are criticizing the European Union's emissions trading system. BASF advocates for climate protection through market mechanisms rather than prohibitions. The report mentioned that CDU representatives, including Friedrich Merz, have previously supported the market-based approach. The Brussels-based think tank Strategic Perspectives reported that Heidelberg Materials' stock price collapsed within 24 hours alongside a drop in CO2 prices. Heidelberg Materials is a major cement manufacturer that has invested in low-CO2 production and recycling processes. The steel and cement industries are among the sectors affected by these developments. The company noted that while the ETS is a market-based and technology-neutral system, it faces scrutiny. The report contrasted these views with US President Trump's denial of climate change.

BASF and other business representatives are criticizing the European Union's emissions trading system. BASF advocates for climate protection through market mechanisms rather than prohibitions. The report mentioned that CDU representatives, including Friedrich Merz, have previously supported the market-based approach. The Brussels-based think tank Strategic Perspectives reported that Heidelberg Materials' stock price collapsed within 24 hours alongside a drop in CO2 prices. Heidelberg Materials is a major cement manufacturer that has invested in low-CO2 production and recycling processes. The steel and cement industries are among the sectors affected by these developments. The company noted that while the ETS is a market-based and technology-neutral system, it faces scrutiny. The report contrasted these views with US President Trump's denial of climate change. BASF CEO Markus Kammit and Evonik executive Christian Kullmann have criticized the emissions trading system. Kullmann reportedly called for the complete abolition of the mechanism. The criticism comes as costs in relevant sectors have increased by 71 percent. Chancellor Friedrich Merz appeared to support the views of these business representatives.

Topics

emissions trading BASF CO2 emissions

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Sources · 7 independent

hr-iNFO

“Doch jetzt haben einige Wirtschaftsvertreter den Emissionshandel unter Beschuss genommen, So etwa BASF.”

hr-iNFO

“jetzt haben einige Wirtschaftsvertreter den Emissionshandel unter Beschuss genommen, So etwa BASF.”

hr-iNFO

“jetzt haben einige Wirtschaftsvertreter den Emissionshandel unter Beschuss genommen, So etwa BASF. Seit wir den Emissionshandel 2005 eingeführt haben, ist der CO2-Ausstoß um 39% gesunken und die Wirtschaftsleistung in den betreffenden Sektoren gleichzeitig um 71% gestiegen.”

hr-iNFO

“Seit wir den Emissionshandel 2005 eingeführt haben, ist der CO2-Ausstoß um 39% gesunken und die Wirtschaftsleistung in den betreffenden Sektoren gleichzeitig um 71% gestiegen.”

hr-iNFO

“jetzt haben einige Wirtschaftsvertreter den Emissionshandel unter Beschuss genommen, So etwa BASF. des Brüsseler ThinkTanks strategic perspectives.”

hr-iNFO

“Zuletzt klangen seine Aussagen zum Thema Emissionshandel, abgekürzt ETS, eher so. Dieses ETS ist ein großer Erfolg und es ist ein marktbasiertes und technologieoffenes System.”

hr-iNFO

“Doch jetzt haben einige Wirtschaftsvertreter den Emissionshandel unter Beschuss genommen, so etwa BASF-Chef Markus Kammit oder Evonik-Vorstand Christian Kullmann, der sogar die Abschaffung forderte.”

hr-iNFO

“Wenn man ihn jetzt abschwächt, dann ruiniert man deren Wirtschaftlichkeit unter Umständen.”

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