The European Commission announced on Thursday that it has approved Germany's program worth 6.5 billion euros (7.16 billion dollars) aimed at preventing "carbon leakage." The term "carbon leakage" refers to the potential for energy-intensive companies to relocate their production abroad to avoid stringent regulations aimed at reducing harmful emissions. The package includes a portion of the higher fuel prices that companies will bear between 2021 and 2030 due to Germany's fuel emissions trading system.
Title: European Commission Approves Germany's Program to Prevent "Carbon Leakage"
Share
