CBAM: in Berlin only a distant second

The CO2 cap-and-trade mechanism is one of the most important instruments for decarbonizing the industry and protecting against carbon leakage. However, the German government has so far neglected the issue. Industry and climate activists alike are now criticizing this move.

European heavy industry is facing a massive transformation in the coming years. Sectors such as the steel and chemical industries will have to switch to climate-neutral production, which will require enormous investment. At the same time, however, the companies’ products must be competitive on the world market – otherwise production will move abroad.

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