Joint letter – ICC reform and expansion risks diverting ETS Revenues from real climate action
In light of the European Commission’s ongoing considerations to amend the ETS State Aid Guidelines, revising the rules for Indirec...
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Publish date: November 8, 2007
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The interim report was presented on October 31st by Prof. Andreas Troge, president of the German Environment Agency, and German environment minister Sigmar Gabriel. According to the study, the measures adopted by the German cabinet in August in Meseberg will lead to savings of over EUR 36 billion of coal, oil and gas consumption.
In contrast, the additional costs for corresponding investments will amount to only EUR 31 billion euros. On average, every tonne of CO2 saved has a savings effect of EUR 26, proving that emissions reductions pay off.
"These are very encouraging findings. They confirm in particular that energy savings make economic sense – notwithstanding climate change. This holds true in every country," Bellona energy advisor Ane Brunvoll says.
The German Environment Agency carried out two calculations. First, the climate protection impacts of the integrated energy and climate programme were analysed. According to this, the adopted measures can reduce CO2 emissions in Germany by 36 percent by 2020 compared with the base year of 1990.
Secondly, an expert team carried out an economic assessment of the central measures of the integrated energy and climate programme. It found that:
Environment Minister Gabriel said: "We will adopt the implementation of the key elements of the Meseberg package in the cabinet before the international climate change conference in Bali at the beginning of December. By doing this we will send an important signal for international negotiations: climate protection pays off."
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