EU Emissions Trading Scheme: When Pollution Comes at a Price – Economy

European Union

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When pollution has a price

Reading time: 5 mins

European Union: Thyssenkrupp steelworks in Duisburg: The industry is particularly affected by the tightening of emissions trading.

Thyssenkrupp steelworks in Duisburg: The industry is particularly affected by the tightening of emissions trading.

(Photo: Marcel Kusch/picture alliance/dpa)

The rules for emissions trading are being tightened – and Europe is celebrating the agreement as a great success for the environment. But who has to pay for it in the end?

Of

Michael Bauchmüller, Caspar Busse and Björn Finke, Brussels/Berlin

It is the EU’s most important climate protection law, it contributes 25 times more to Europe’s climate goals than the controversial end to the combustion engine – and the consequences for industry and citizens are correspondingly far-reaching: At the weekend agreed European Parliament and Council of Ministers, the body of EU governments, on tightening emissions trading. The consequences at a glance:

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