Berlin (Reuters) – German industry is critical of the stricter climate targets in the EU.
“By raising the targets, companies in Germany will have to reckon with much higher CO2 costs and stricter requirements,” said the deputy director of the DIHK, Achim Dercks, on Wednesday. “The companies need large amounts of affordable and climate-friendly energy such as renewable electricity and low-CO2 hydrogen all the more.” The companies shaken by the coronavirus pandemic would also have to make the investments in new technologies and processes required for the switch. “So far, there have been too few practical answers for these mammoth tasks.”
The EU Commission wants to raise the climate targets for the European Union for 2030 to at least 55 percent CO2 savings compared to 1990. The target is currently 40 percent.