Effort Sharing Regulation: Germany to pay millions

Germany has to pay several million euros for missed climate targets in the years 2013 to 2020. This mainly concerns excess CO2 emissions, especially in the transport and building sectors, the Federal Ministry for Economic Affairs (BMWK) announced in Berlin on Monday. The CO2 reduction targets for Germany come from the EU’s Effort Sharing Regulation (ESR). This sets reduction targets for those sectors outside the European Emissions Trading System.