German environment minister signs the Paris climate agreement in New York

Emission trading reduces greenhouse gases by 87 percent to 2050 – entirely without national regulation

On the occasion of the signing of the Paris climate protection agreement, the German chemical industry association VCI has pointed out that industry in Europe and thus the chemical industry in Germany makes a strong contribution to reducing greenhouse gas emissions in Europe. Other regions of the world, too, now need to develop and implement effective solutions to do so. As to VCI director-general Utz Tillmann, Germany should use its G20 presidency next year to convince the international partners of a stronger commitment for climate protection.

The German chemical industry supports the Paris climate agreement. VCI points out that the industry as well as the chemical sector the industry makes a strong contribution to achieving the Paris climate goals: namely by way of the EU’s emission trading system . Other regions of the world, too, now need to develop and implement solutions comparable to the EU ETS. - Graphic: © United Nations
The German chemical industry supports the Paris climate agreement. VCI points out that the industry as well as the chemical sector the industry makes a strong contribution to achieving the Paris climate goals: namely by way of the EU’s emission trading system . Other regions of the world, too, now need to develop and implement solutions comparable to the EU ETS. - Graphic: © United Nations

German environment minister Hendricks has signed the Paris climate agreement in New York. On this occasion, the German chemical industry association VCI points out that energy-intensive industries are contributing to climate protection to 2050 – entirely without specific national regulation. VCI director-general Utz Tillmann: “The German chemical industry supports the Paris agreement. We are subject to emission trading, and we think that this is an effective instrument which covers around half of greenhouse gas emissions in Europe. According to the existing rules, emission trading will reduce greenhouse gases by 87 percent to 2050, as compared with 2005.” By way of the EU’s emission trading system (EU ETS) the industry makes a strong contribution to achieving the Paris climate goals. Tillmann continues: “Additional national regulation under the German Climate Protection Plan 2050 is not necessary for sectors like the chemical industry. Constantly falling amounts of CO2 allowances guarantee emission cuts in the ETS sectors.”

Tillmann emphasizes that global greenhouse gas reductions are decisive for climate protection: “Other regions of the world need to develop and implement solutions comparable to the EU ETS, in order to significantly and measurably reduce their emissions. This is the only realistic approach for reaching the Paris goals.” Tillmann hopes that Germany’s G20 presidency next year will bring about progress: “In 2017 Germany can give impulses within G20. This chance should be used to convince the international partners of a stronger commitment for climate protection. This would also allow European industry to remain competitive.”

For many years the chemical industry in Germany has been working for climate protection. With rising production volumes, the industry has cut its greenhouse gas emissions by nearly 50 percent since 1990 (see chart). The industry makes further contributions to climate protection with energy-saving products that enable a lifestyle with fewer emissions.

Climate protection is more than just a word in the German chemical industry: With rising production volumes, the industry has cut its greenhouse gas emissions by nearly 50 percent since 1990.
Climate protection is more than just a word in the German chemical industry: With rising production volumes, the industry has cut its greenhouse gas emissions by nearly 50 percent since 1990.

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The VCI represents the politico-economic interests of over 1,650 German chemical companies and German subsidiaries of foreign businesses. For this purpose, the VCI is in contact with politicians, public authorities, other industries, science and media.The VCI stands for over 90 percent of the chemical industry in Germany. In 2015 the German chemical industry realised sales of around 190 billion euros and employed 447,000 staff.

Contact: VCI Press Dept., Phone: +49 69 2556-1496, E-Mail: presse@vci.de

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Sebastian Kreth

E-Mail: kreth@vci.de