Germany agrees to budget-neutral climate measures

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Germany agrees to budget-neutral climate measures GlobeBusiness

Both camps put a positive spin on the package, which includes a new domestic carbon pricing scheme, bigger incentives for buying electric cars, higher road tolls for trucks from 2023, surcharges on domestic flights and plans to pump money into rail operator Deutsche Bahn.“It was intense, but it was constructive and at times it was a pleasure to wrestle over the right path,” she said of the negotiations, presenting a united front with SPD Finance Minister Olaf Scholz.

That starting price, lower than the 40 euro price many climate economists had been advocating, means pressure on German companies to cut emissions will be lower too. “The chances are very good, they have grown, that we will reach our climate goals this time, better than with the 2020 target,” Merkel said. “If we should realise we’re not on track, then we will correct this.”Story continues below advertisement

 

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