Der Mythos von der „Verlagerung von CO2-Emissionen“ ( carbon leakage) DEUTSCHL AND

The document argues that the EU Emissions Trading System (EU ETS) has provided excessive subsidies to German heavy industry through free allowances, resulting in €4.5 billion in windfall profits for companies like ThyssenKrupp and ArcelorMittal from 2008 to 2014. It contends that these allocations cost the German government €29.7 billion in lost auction revenues and stifle innovation by reducing the incentive to decarbonize. The briefing recommends phasing out free allocations in favor of 100% auctioning and investing the proceeds into low-carbon technologies.

• Energy-intensive companies in Germany generated approximately €4.5 billion in windfall profits from the EU ETS between 2008 and 2014. These profits were derived from three sources: selling surplus free allowances (€1.121 billion), using cheaper international offsets to sell remaining free certificates (€187 million), and passing the costs of free certificates on to customers (€3.191 billion).
• The iron and steel sector was the primary beneficiary of these profits. Specifically, ThyssenKrupp earned €673 million, ArcelorMittal earned €585 million, Hüttenwerke earned €389 million, and Rogesa earned €277 million.
• The German government lost at least €29.7 billion in auction revenues between 2008 and 2014 due to the issuance of 2.4 billion free emission certificates. This loss of income reduces the available funding for investments in a low-carbon European economy.
• The document asserts that the risk of carbon leakage is overstated, noting that no study has provided evidence of actual carbon leakage and that the Paris Agreement will likely lead to similar climate policies in other countries, further mitigating the risk.

APA

Carbon Market Watch (2016). Der Mythos von der „Verlagerung von CO2-Emissionen“ ( carbon leakage) DEUTSCHL AND. https://carbonmarketwatch.org/wp-content/uploads/2016/03/Carbon-leakage-myth-buster_Germany_WEB_Deutsch.pdf

Chicago

Carbon Market Watch. Der Mythos von der „Verlagerung von CO2-Emissionen“ ( carbon leakage) DEUTSCHL AND. 2016. https://carbonmarketwatch.org/wp-content/uploads/2016/03/Carbon-leakage-myth-buster_Germany_WEB_Deutsch.pdf.

Wikipedia

{{cite report |author=Carbon Market Watch |title=Der Mythos von der „Verlagerung von CO2-Emissionen“ ( carbon leakage) DEUTSCHL AND |date=March 2016 |url=https://carbonmarketwatch.org/wp-content/uploads/2016/03/Carbon-leakage-myth-buster_Germany_WEB_Deutsch.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{carbonmarketwatch2016der, author = {{Carbon Market Watch}}, title = {{Der Mythos von der „Verlagerung von CO2-Emissionen“ ( carbon leakage) DEUTSCHL AND}}, institution = {Carbon Market Watch}, year = {2016}, month = mar, url = {https://carbonmarketwatch.org/wp-content/uploads/2016/03/Carbon-leakage-myth-buster_Germany_WEB_Deutsch.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }