Emissions trading in safe hands
Vertis, a MiFID II trading firm, supports companies in navigating through carbon compliance schemes, including different EU Emissions Trading Systems, CBAM and CORSIA, in a cost-effective way
Emissions trading in safe hands
Vertis, a MiFID II trading firm, supports companies in navigating through carbon compliance schemes, including different EU Emissions Trading Systems, CBAM and CORSIA, in a cost-effective way
Traders of Environmental Progress
STX Group is a global environmental commodities trader offering physical and financial solutions across compliance and voluntary systems for energy, fuels, gas and carbon markets.
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As the global climate crisis intensifies, nations worldwide are seeking innovative strategies to reduce greenhouse gas emissions. Germany, known for its commitment to renewable energy and sustainable practices, has introduced an ambitious funding program called Klimaschutzverträge, or Carbon Contracts for Difference (CCfD).
The main aim of Klimaschutzverträge is to encourage the rapid advancement and adoption of innovative technologies with long-term financial support from the government. The goal is to accelerate Germany’s transition to a sustainable, low-carbon economy.
The program focuses on technologies that can make a substantial impact in sectors such as electricity generation and energy-intensive industries that contribute significantly to CO₂ emissions.
Subsidies are available to all companies operating plants that emit more than 10,000 tons of CO2 annually. The program also includes specific criteria for electricity and green hydrogen production, adhering to the EU taxonomy standards.
To receive financing under Klimaschutzverträge, companies must participate in a competitive bidding process. Applicants are required to submit initial investment plans by the deadline of August 7, 2023.
Funding recipients will be selected through an auction model that prioritizes the reduction of CO₂ emissions per ton. The company that presents the most competitive offer, in terms of both cost and emission reduction potential, will receive support.
Given the urgency to submit investment plans before the August 7 deadline, STRIVE by STX can assist your company in preparing a competitive bid.
We provide:
Contact us today for more information and tailored support in joining the bidding process.
