Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.
Factsheet for measure AT-2022-40/2986 – measures in Austria
Country | Austria , applies nationwide |
Time period | Open ended, started on 01 October 2022 |
Context | Green Transition, Restructuring Support Instruments |
Type | Legislations or other statutory regulations |
Category |
Reorientation of business activities
– Change of production/Innovation |
Author | Bernadette Allinger (Forba) and Eurofound |
Measure added | 07 November 2022 (updated 09 November 2022) |
The National Emissions Allowance Trading Act is intended to make a decisive contribution to achieving the climate targets by bringing about an ecological steering effect and making the use of innovative, low-emission technologies more attractive.
The objective of this federal act is a gradual introduction of a cost-efficient and effective measure to reduce greenhouse gas emissions that are not subject to EU emissions trading. This is intended to contribute to the achievement of long-term targets of the Paris Agreement.
The NEHG 2022 covers energy-related greenhouse gas emissions that have been produced by the non-ETS-sectors, such as buildings, transport, agriculture, waste and small industrial plants. This essentially concerns the fossil energy resources petrol ,gasoil, heating oil, natural gas, liquefied gas, coal and kerosene.
The scope of the law is limited to placing energy sources into free circulation. By linking the responsibility to the entity placing the energy source into circulation, conformity with the energy taxes is achieved.
Trading participants are obliged to acquire emissions certificates for the energy sources placed into circulation. An emission certificate corresponds to one tonne of CO2-equivalent, CO2e.
There are three different phases. The first two phases are fixed price phases, where the emissions certificates will be assigned a specific price, which is:
On 1 January 2026 the market phase starts, which means that the national emissions certificates are intended to be traded on a free market.
Workers | Businesses | Citizens |
---|---|---|
Does not apply to workers | Applies to all businesses | Applies to all citizens |
Actors | Funding |
---|---|
National government
|
No special funding required
|
Social partners' role in designing the measure and form of involvement:
Trade unions | Employers' organisations | |
---|---|---|
Role | No involvement | No involvement |
Form | Not applicable | Not applicable |
Social partners' role in the implementation, monitoring and assessment phase:
No involvement.
No involvement.
Citation
Eurofound (2022), National Emissions Certificates Trading Law (NEHG) , measure AT-2022-40/2986 (measures in Austria), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/AT-2022-40_2986.html
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