PRESS STATEMENT IG Metall welcomes the overhaul of the EU emissions trading system

IG Metall welcomes the agreement reached by the European Council and the European Parliament on the reform of the emissions trading system in the European Union. The burdens on energy-intensive industries are challenging but manageable. It is now crucial that the CBAM functions as a new carbon leakage instrument and that sustainable industrial production in Europe is protected. “A compromise between industrial competitiveness and climate protection requirements has thus been achieved,” said Wolfgang Lemb, Executive Board Member of IG Metall. From a German perspective, the design of the CCfD funding guidelines—which Federal Minister of Economics Habeck announced for January—is of particular importance in this context. The objective must be to maintain sustainable, climate-friendly, and internationally competitive basic materials production in Germany as the foundation for resilient value chains in Germany and Europe. “In my view, the establishment of the Climate Social Fund, which is intended to support investments in urgently needed energy efficiency measures, is of particular importance. It is now important to ensure that the fund is quickly implemented through a separate regulation,” Lemb explained.

Further information and press photos of Wolfgang Lemb