Several German states to call for additional free ETS allowances for steel industry
Several German states are demanding that the federal government and the EU should protect the steel industry from stricter environmental regulations and rising electricity costs, reports S眉ddeutsche Zeitung. In a draft of the joint final statement for today鈥檚 (22 October), seen by the newspaper, the states call for more free European Union Emissions Trading System (ETS) allowances for the steel sector, and compensation for rising power prices due to an increase in ETS prices. In addition, the states warn the German government not to introduce additional requirements for the steel industry when it adopts a national climate protection law next year. The final paper states: "The climate doesn't care at all where CO鈧 is produced.鈥 This is why comparatively climate-friendly plants in Germany need to be "strengthened", the draft says.
In an interview with public broadcaster ZDF, economy minister Peter Altmaier said the government aimed to ensure that Germany continued to produce the 鈥渃leanest steel鈥. 鈥淲e have to make sure it鈥檚 not just others 鈥 who do not care about climate and environment protection 鈥 do the business,鈥 said Altmaier. 鈥淚t鈥檚 not about climate protection or steel, it鈥檚 about climate protection and steel.鈥
Read the article in German , and watch the interview in German .
For background, read the 威力彩玩法 article Rising CO2-price could trigger German coal phase-out in 5 years.