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Germany’s special path: “After 160 years people will lose their jobs here” – when the CO2 price endangers livelihoods

Iron foundry

Wherever products are manufactured using the energy-intensive use of high temperatures, companies are under pressure.


(Photo: dpa)

Berlin The yeast industry in Germany is not a dazzling high-tech industry that politicians are interested in. Rather, it is an inconspicuous supplier for bread and baked goods manufacturers. And since the industry has only 600 employees, it is currently suffering without attracting much attention.

The development is painful, says Jan Moormann, chairman of the German yeast industry association and managing director of the baking ingredients manufacturer Uniferm. In view of the development of the CO2 price set up to 2025, it is “a barely feasible way to survive in international competition”.

Like the yeast industry, so are many other industries. Foundries, manufacturers of technical textiles – e.g. for filters or for insulation -, plastics processors, the rubber industry or metal processors: they all suffer from the CO2 price introduced on January 1, 2021 for the transport and heating sectors. Your problem: With the CO2 price, you have been burdened with a cost burden that your competitors abroad do not have to bear.

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Reference-www.handelsblatt.com

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