Emission Trading Industry Association VCI Worried About Changes to Emission Trading Agreements
The German industry association VCI (Verband der Chemischen Industrie) is “deeply worried” about the European Parliaments vote on the European emission trading, speakers explained. The parliament is expected to issue less certificates than planned, something that the association regards as a deep change against the intentions of the original agreements..
Frankfurt a. M./Germany - VCI–excecutive Dr. Utz Tillmann critisised the planned change and expressed his concerns that a lower number of certificates could have negative consequences for the EU economy: “If policy makers decide on this step, contradicting all previous agreements, the emission trading system is likely to become a caricature of a free market. There will be no more planning reliability if the Commission changes the market conditions according to the certificate price.”
The EU's "Roadmad for Moving to a Low–Carbon Economy in 2050" shall encourage the European Commission to reduce the number of certificates on the market, resulting in higher costs for carbon emssions – a development that Tillmann critisises as “erratic and incalculable” and likely to “hazard consequences for the continent's industry.”
Emission Trading Plans “Stress Industry Above Average”
Tillmann states that such measures are not needed, as the EU will easily reach its se goals for climate protection without them. A change like that, he explains, would result in a factual increase of these goals, contradicting previous statements that higher restrictions would only be done in accordance with other industrial nations. Reducing the number of available certificates would also stress the industry above average, Tillmann states.