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기사입력 : 2023.08.28 09:31
Germany is expected to pay up to 30 billion euros in fines for over-emission of more than 150 million tons of carbon, compared to the EU's carbon emission target.
The EU tries to accelerate the ‘Fit for 55’ package to reduce greenhouse gas emissions by at least 55%, compared to 1990 by 2030. In March, the EU adopted an amendment to Effort Sharing Regulation (ESR) to reduce carbon emissions by 40% compared to 2005.
ESR differentiates carbon emission targets for each member country according to the size of its economy. The five richest countries, including Germany, have been obliged to reduce carbon emissions by 50%.
In the case of Germany, it is analyzed that carbon emissions in the construction and transportation sectors have increased significantly. Accordingly, Germany was expected to purchase Certified Emission Reduction(CER)from other countries.
Germany chose an integrated reduction target, not a sector-specific one, stillconcernedabout the possibility that more than 200 million tons of excessive carbon emissionscould be produced by 2030.
Germany has already purchased 11 million carbon credits from Bulgaria, the Czech Republic and Hungary at low prices in the past.Analysts predict the implementation of the Fit for 55 package will reduce residual emissions and set high prices.
The gap between Germany's target and actual emissions is expected to grow 15 times from 2021 to 2027. As a result, at least 7.5 billion to30 billion euros of fines are expected in the future.
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