Large emitters have to pay a price for every ton of CO2 produced.
(Photo: mauritius images / Michael Weber / imageBROKER)
Berlin Significantly increased prices in emissions trading and fewer free allocation of emission certificates are putting a strain on German industry. According to calculations by the German Economic Institute (IW), future expenditure will amount to an annual sum of 9.5 billion euros.
According to IW, the price of emissions certificates has risen in recent years. In the first few years after emissions trading was introduced in 2005, it was largely less than ten euros per emissions certificate, but since the beginning of 2023 it has leveled off at values between just under 80 and 100 euros. The main reason for the rising prices is the shortage of certificates decided by politicians.
The number of such certificates that manufacturing companies receive free of charge drops to zero due to political decisions because they face international competition. The result: companies ultimately have to buy all of the certificates.
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