A Salzgitter employee shovels sand into the tapping channel on the blast furnace in a steelworks. The company has cleverly protected itself against rising CO2 prices.
(Photo: dpa)
Dusseldorf Actually, trading in CO2 certificates is targeting the biggest climate offenders. The current price rally should normally make it much more difficult for the major carbon emitters to do business. In fact, the effect fizzles out in drastic cases: In addition to coal-fired power generators, according to information from the Handelsblatt, steel companies, among others, have secured themselves lavishly against rising CO2 prices.
Just like the energy supplier RWE, the steel manufacturer Salzgitter, for example, has secured itself against the risk with trading transactions until 2030, as a company spokesman confirmed on request. The company can therefore look forward to the current rise in the price of CO2.
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