German environment ministry: ETS reform proposal good for climate and industry alike

Germany’s environment minister Barbara Hendricks says the EU environment council’s proposal for a reform of the Union’s emissions trading system (ETS) is a success for climate protection and the industry alike. In a press release by the environment ministry (BMUB), she said the reform would soon “put an end to dramatic certificate-surpluses” while at the same time “protect Europe’s industry from unfair competition” and thus prevent it from migrating to regions with lower environmental standards. But “nothing has been decided yet,” the BMUB adds, pointing out that the European Parliament still has to debate the reform.

Read the press release in German here.

For more information, see the CLEW dossier Germany’s energy transition in the European context.