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Despite rise in German industry’s emissions in 2007
Although the German businesses participating in emissions trading in 2007 produced some 487 million tonnes of climate-damaging carbon dioxide (CO2) - amounting to 9.7 million tonnes, or two percent more than in 2006 - emissions trading already proved itself effective during the first trading period. Average CO2 emissions of 479 million tonnes in the first trading period (2005-2007) were slightly below the average in the 2000-2004 base period despite significant economic growth. Even in 2005, and to some extent in 2006, when it was not yet clear whether there would be sufficient supply of emissions allowances and they cost between 20 and 30 euros, emissions were considerably lower than in the 2004-2007 period. This trend indicates that facility operators quickly adopted measures to reduce emissions (e.g. switch to other fuels) in 2005-2006. read more
