At the auction of emission certificates in Germany in 2019, gathered 3.16 billion euros.
This is about 600 million euros more than in the previous year, announced the Agency for emissions trading the Federal Agency of Germany for the environment. Proceeds from the auctions go to the energy and climate Fund, which is used for financing the transition to green energy.
power Plants and other industrial facilities must issue so many permits each year, how many they release CO2. Each emission allowances allows you to select one tonne of CO2. If the available quota of the company is not enough, it needs to buy emissions quotas on the market. Emissions trading in the EU aims to provide incentives for investment in enhancing climate protection.
At the beginning of the certificate prices were very low. However, since their number is increasingly shrinking, prices are rising. Certificate auctions on the European energy exchange EEX in Leipzig used to cost less than 10 euros. According to the Agency for emissions trading, the average price per certificate increased to 14.92 euros in 2018 and of 24.65 euros in 2019.
According to experts, the increase in the price of certificates is one of the reasons for the significant reduction of coal production in Germany.
