Save for later Print Download Share LinkedIn Twitter Revenues from German sales of emission certificates under the EU's Emissions Trading System (ETS), alongside income from Germany's national emissions trading scheme, reached €12.5 billion ($14.2 billion) in 2021. Some €5.3 billion was generated through auctioning of EU ETS credits, while €7.2 billion was raised through sales of domestic credits. Funds have gone into the country's energy and climate fund to support green projects and energy efficiency projects, as well as reducing electricity bills in Germany through a cut in green surcharges for renewables. "The revenue from carbon pricing makes an important contribution to realizing the energy transition," says Dirk Messner, president of the German environment agency (UBA), who supports higher carbon prices. Extra revenues is expected to help the new coalition government pursue its green agenda.