The entry into climate-neutral processes should be made easier for the industry with climate protection agreements. And that could actually be worth it.
According to a study, the so-called climate protection agreements planned by the federal government can ensure rapid entry into a “green industry”.
With the help of these contracts, the carbon dioxide emissions of the steel, chemical and cement industries could be sustainably reduced by more than twenty million tons of CO2 annually by 2030, as the think tank Agora Energiewende announced on Monday in Berlin. This corresponds to about a third of the reductions in industry of 68 million tons of carbon dioxide per year required by the Climate Protection Act by 2030.
With the so-called climate protection contracts (“Carbon Contracts for Difference”), the state wants to support the industry in entering into climate-neutral production processes and make the costs easier to plan. The contracts are intended to ensure that climate-friendly technologies become competitive with conventional technologies. In mid-January, Climate Protection Minister Robert Habeck (Greens) announced that these contracts would be introduced “as a central instrument to support the transformation in industry”.
“Through climate protection agreements, the state guarantees the refinancing of investments in climate-friendly industrial plants that companies cannot yet achieve on the market alone,” according to the authors of the Agora study. This could create a range of green raw materials for sustainable products. According to the study, the costs for the state for this technology promotion in the production of steel, ammonia and cement amount to between 10 and 43 billion euros.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
