Āé¶¹ĪŽĀė°ę

News Digest Item
23 Jan 2018

E.ON CEO says postponing Germany’s 2020 climate goal is ā€œappropriateā€ decision

Āé¶¹ĪŽĀė°ę

The decision by parties negotiating Germany’s next government to weaken the country’s 2020 climate protection goals was an ā€œappropriateā€ move that took ā€œcourageā€, Johannes Teyssen, CEO of utility E.ON, said at an energy industry conference held by business newspaper Handelsblatt in Berlin. Teyssen said ā€œa lot has happenedā€ since Germany set its target of reducing greenhouse gas emissions by 40 percent by 2020, citing the country’s sustained economic growth and influx of migrants in recent years. ā€œPrecise dates are merely symbolic,ā€ he said, adding that ambition to reach the climate protection goal was nevertheless very important. He said policymakers had to set a general course for emissions reduction and provide the tools to achieve it, ā€œbut the market and technological development will decide how quickly we moveā€. On Germany’s target to reduce emissions by 55 percent by 2030, Teyssen said any precise planning over such a long period was ā€œuntruthfulā€, but that Chancellor Angela Merkel’s conservative CDU/CSU alliance and the Social Democrats (SPD) still had to show ambition to meet the goal. ā€œSo far, solutions to this are absent in negotiations,ā€ he said, arguing that the European emissions trading system (ETS) was ā€œa failed instrumentā€ that could not do to enough to reduce emissions, and that ā€œan effective CO2 priceā€ on a European level, backed by a national carbon tax would be ā€œthe most powerful instrumentā€ for climate protection.

See the Āé¶¹ĪŽĀė°ę article German party leaders agree energy policy blueprint for coalition talks for background.

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