Coalition of federations calls for CO2 price in Germany
A coalition of several German environmental and energy federations urges the next government to introduce a price for emitting CO2 to safeguard the country’s contribution to the goals of the Paris Climate Agreement. The current low oil price “makes investments in energy efficiency and renewable energies economically difficult, or even prevents them,” the coalition consisting of Green Budget Germany (FÖS), NABU, BUND and the Renewable Energies Agency (AEE) and others says in a press release. The European Emissions Trading System (ETS) is “not working in the way its inventors thought it should work,” the federations say, arguing that the current price of 8 euros per tonne “does not produce sufficient results.” A uniform carbon price for all sectors, on the other hand, could “bring about significant reduction effects,” the federations say, pointing out that many German companies, such as energy company E.ON and discounter Aldi, also support the idea.
Read the press release in German here.
See the CLEW factsheet on the negotiating coalition parties’ draft treaty here.