“German government must vouch for preserving industrial competitiveness”
The future design of the EU Emissions Trading System is of "existential importance" for the steel industry, according to the German Steel Industry Association (Wirtschaftsvereinigung Stahl). The association says in a press release that the reform must not lead to disproportionate cost increases, which would put the industry at a disadvantage compared to competitors from outside Europe. The industry is calling on the government to stick to the ETS reform position contained in the Climate Action Plan 2050, including an increase of industry certificate allocations, and a continued power price compensation.
Read the press release in German here.