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Act to Adapt the Greenhouse Gas Emissions Trading Act to the Amendment of Directive 2003/87/EC (TEHG European Law Adaptation Act 2024)

Bill Environment PLANNED
Date: 4th Feb, 2025 Source: German Parliament Country: Germany Original Source

Brief

The "Act to Adapt the Greenhouse Gas Emissions Trading Act to the Amendment of Directive 2003/87/EC (TEHG European Law Adaptation Act 2024)" has been planned by the German Parliament on 04/02/2025. This bill aims to adapt Germany's greenhouse gas emissions trading law to EU directives, strengthening emission reduction targets and introducing new sectors into the ETS. The reform will impact various industries, including aviation, shipping, and industrial processes, with increased costs for companies and potential job losses in affected sectors, highlighting compliance considerations such as verifying and reporting emissions from these sectors by 2025.

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German Parliament

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