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Germany Pushes for Tighter EU Climate Rules

EMISSIONS

Germany’s economy industry is planning to lobby for tighter EU rules for oversight of construction and sustainable products ahead of the European elections according to a document seen by Bloomberg.

  • German Economy Minister Robert Habeck aims to link new requirements to quotas for raw materials and products. The ministry is also seeking to expand the EU’s key carbon pricing tools, which could increase some consumer costs.
  • He also said that the EU should also consider expanding the types of emissions included in the EU ETS scheme and the Carbon Border Adjustment Mechanism.
  • Scope 3 emissions are coming from a source outside a company such as transport or disposal. These are the hardest to trace and would increase the burden for businesses if included under the scheme, industry groups warn.
  • The government has already presented a €23 billion subsidy program for energy-intensive companies, but these measures mostly target suppliers, Habeck said.
  • Germany aims to cut carbon emissions by 65% by 2030.
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