The adoption of the EU Parliament's climate protection legislation on April 18, 2023 will massively increase the pressure to reduce CO₂ emissions. Energy-intensive companies with high CO₂ emissions are now under pressure to act if they want to remain competitive.
Shortage in emissions trading puts the economy under pressure
Specifically, the new EU climate protection packagewhich Commission President von der Leyen describes as a "milestone" and the "biggest climate protection package ever", includes a Shortage of CO₂ certificates is being proposed. It is intended to promote investment in renewable energies and is now putting the economy, which recently felt relief from slightly falling energy costs, under drastic pressure.
All economic sectors anticipate high price increases
All sectors of the economy are affected, from transport to electricity producers and industry, which have to purchase CO₂ certificates in order to maintain their production. The decimation of pollution rights for CO₂ emissions will inevitably lead to sharp price increases in European emissions trading. Experts estimate that around 700 billion euros will be raised in the EU through these measures, which will then be used in a targeted manner in the countries to accelerate the expansion of photovoltaics, wind and hydropower.
Companies must act now and improve their carbon footprint
With a neutral or even positive CO₂ balance, companies are now on the safe side, as it not only leads to compliance with upcoming legal requirements, but also represents an immense competitive advantage and significantly improves their image. This is primarily made possible by using their own CO₂-neutral electricity. However, the use of energy-saving technologies or efficiency improvements and savings in the procurement of raw materials and supplies can also lead to a better carbon footprint.