“The benefits of a climate tax”
Frankfurter Allgemeine Zeitung
A CO2 tax or European wide minimum price for CO2 emissions as suggested by French President Emmanuel Macron is worth thinking about, writes Andreas Mihm in the Frankfurter Allgemeine Zeitung. The current system is “inefficient, prone to lobby interests and because of this, all in all too expensive”, Mihm says. A minimum price of 25-30 euros per tonne of CO2 would disadvantage energy intensive German industries but it would be short sighted to dismiss Macron’s idea purely as a way to help French industry. The new German government will have to find a solution for a coal exit – a market based system like the CO2 price would be better than more regulations and state administered time frames.
Read the article in German here.
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