Following the release of the European Commission’s proposal for a Carbon Border Adjustment Mechanism (“CBAM Proposal”) on 14 July 2021 as part of the “Fit for 55” legislative package aimed at reducing the EU’s greenhouse gas...more
With the introduction of the German national fuel emissions trading system at the beginning of the year, the procurement costs for several energy sources have increased in many energy intensive industries in Germany....more
Die Einführung des nationalen Brennstoffemissionshandels führt seit Jahresbeginn für viele Unternehmen zu Zusatzkosten bei der Brennstoffbeschaffung. Unternehmen mit Anlagen, die bereits dem europäischen Emissionshandel...more
The German federal government has adopted the so-called Carbon Leakage Ordinance on 31 March 2021. The ordinance aims at providing financial relief for companies impacted by the German national carbon emissions trading system...more