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US News Sale of emission rights brings 12.5 billion euros

08:06  05 january  2022
08:06  05 january  2022 Source:   pressfrom.com

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The sale of emission rights for the greenhouse gas carbon dioxide has given the state in the past 12.5 billion euros last year and thus a record.

Der Verkauf von CO2-Emissionsrechten hat dem Staat im vergangenen Jahr Einnahmen in Höhe von 12,5 Milliarden Euro beschert. © Patrick Pleul / DPA Central Image / DPA The sale of CO2 emission rights has brought revenue to the State last year in the amount of 12.5 billion euros.

main reason is the first sale of national emission rights (CO2 levy), which alone - as expected - caused 7.2 billion euros. At the same time, the revenue from the rights of rights in European emissions trading doubled from 2.7 in 2020 to 5.3 billion euros, as the Federal Environmental Agency reported in Berlin. There is the German Emissions Trading Stand responsible for the rights of retail. Against the background of climate change, the pricing of carbon dioxide economy and consumers should give an incentive to use less fossil fuels.

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The money flows into the Energy and Climate Funds (ECF), from which climate protection projects are promoted. In addition, 2021 over the ECF 4.7 billion euros were used to reduce the EEG surcharge, which promotes green electricity production. By the subsidy, the electricity price increase in Germany could be throttled slightly.

prices for CO2 certificates increase

«The revenue from the CO2 pricing make an important contribution to the implementation of the energy transition, financing climate protection projects and are also used to relieve consumers," said the President of the Federal Environmental Agency, Dirk Messner, according to the notification . This shows that climate protection and social compensation could go hand in hand. "This can and must also be possible with further rising CO2 prices."

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power plants and other industrial plants require European permissions - CO2 expelled per tonne you must submit a certificate from the emissions trading site. You can acquire these pollution rights, inter alia, in auctions on the energy exercise in Leipzig. There prices have risen in recent years, most recently strong. If a certificate cost almost 25 euros per annual average, 2021 on average almost 53 euros were due. At the last auction of the year 2021 on 17 December, the highest price has been achieved at a German auction since the beginning of the auctions in 2010.

National Emissions Trading System

In addition to the European emissions trading started since 2005, 2021 started a national emissions trading system. The so-called CO2 levy should help reduce the climate-damaging CO2 emissions in the areas of heat and traffic. By 2022, only the main fuels are gasoline, diesel, fuel oil, liquid and natural gas part of the system. From 2023 coal will be added. Certificates must acquire the so-called rendering braces, such as gas suppliers or mineral oil companies. The additional costs are usually passed on to the end consumers.

Unlike in the European system, the certificates are delivered at fixed prices in the first years. Only from 2026 will they be auctioned, then the amount of certificates available are reduced. In 2021, a certificate for a ton of carbon dioxide cost 25 euros, 2022 it is 30 euros. By the year 2025, the price increases gradually to 55 euros. The 2022 raised by five euros increased CO2 levy, according to the calculations of the emissions trading body, ensures a decrease of superbin, diesel and fuel oil by a cents per liter compared to the previous year.

The huge amount that will invest Ferrero France to produce more than Nutella and Kinder Bueno .
© Bloomberg / Contributor / Getty Images The huge amount that will invest Ferrero France to produce more than Nutella and Kinder Bueno the group will increase the production capacities of its Norman site of Villers-Lecalles to continue to grow in the hex. This is a good news for the commune of Villers-Ecalles, in Normandy. According to Le Figaro , Wednesday, January 12, Ferrero France will indeed invest 36 million euros on the site over the next 18 months.

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