Germany Gains From Carbon Permits

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

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.

Carbon Prices
Wanda Ad #2 (article footer)
Many consider carbon capture and storage an almost magical tool to allow the oil industry continue growing, but the reality is different.
Wed, May 31, 2023
China's Ministry of Ecology and Environment has granted key environmental approvals for four newbuilds, all in China's southern Guangxi Autonomous Region.
Fri, Jun 2, 2023
The oil and gas industry stands to gain significantly from permitting reform proposals under consideration as part of debt ceiling negotiations in Washington.
Thu, May 18, 2023