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German Steel Federation Warns against Back-Loading of CO2 Certificates
It will therefore have to buy in a considerable number of additional certificates. A high certificate price aggravates this burden, damages international competitiveness and will adversely affect future investments – including investment in climate protection.” In addition, he said, the subsequent back-loading of certificates would undermine confidence in emissions rights trading and the further endanger the industry’s long-term planning and investment security. “The emission goals of the trading system are met irrespective of the certificate price,” Kerkhoff reminds us. He fears that the decision on back-loading would be influenced by the wrong motives. “Emissions rights trading was created for reasons of climate protection, not as a source of government revenue. Anyone in Germany hoping that back-loading will bring higher revenue for the Energy and Climate Fund is diverting this instrument from its intended use.” (4/2013)
