E.ON CEO says postponing Germanyās 2020 climate goal is āappropriateā decision
The decision by parties negotiating Germanyās next government to weaken the countryās 2020 climate protection goals was an āappropriateā move that took ācourageā, Johannes Teyssen, CEO of utility E.ON, said at an energy industry conference held by business newspaper Handelsblatt in Berlin. Teyssen said āa lot has happenedā since Germany set its target of reducing greenhouse gas emissions by 40 percent by 2020, citing the countryās sustained economic growth and influx of migrants in recent years. āPrecise 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, ābut the market and technological development will decide how quickly we moveā. On Germanyās target to reduce emissions by 55 percent by 2030, Teyssen said any precise planning over such a long period was āuntruthfulā, but that Chancellor Angela Merkelās conservative CDU/CSU alliance and the Social Democrats (SPD) still had to show ambition to meet the goal. āSo far, solutions to this are absent in negotiations,ā he said, arguing that the European emissions trading system (ETS) was āa failed instrumentā that could not do to enough to reduce emissions, and that āan effective CO2 priceā on a European level, backed by a national carbon tax would be āthe most powerful instrumentā for climate protection.
See the Āé¶¹ĪŽĀė°ę article German party leaders agree energy policy blueprint for coalition talks for background.