Five EU countries want to “examine” the option of a CO2 price
France, the UK, Sweden, the Netherlands and Germany announced at the One Planet Summit in Paris on Tuesday that they would “examine or introduce” an effective CO2 price in "relevant sectors," according to a press release from the German environment ministry. A CO2 price could be an effective tool to comprehensively decarbonise the world economy, the ministry says. The price should increase over time to achieve the Paris Agreement target of keeping global warming below 2°C.
Read the press release in German here.
For more information, see the CLEW factsheet Climate finance: A brief overview of Gemrany's contributions.