“Tax on CO₂ to save the climate”
The German Renewable Energy Federation (BEE) will present a proposal to put a tax on the use of fossil fuels in power generation, which would complement the EU Emissions Trading System (ETS), writes Klaus Stratmann in Handelsblatt. A study by consultancy Energy Brainpool, commissioned by BEE, showed that a tax of 20 euros per tonne of CO₂ would lower the renewables surcharge (EEG-surcharge) and result in “considerable additional emission reductions”, because coal-fired power production would decrease, writes Stratmann.
Read the article (behind paywall) in German here.
For more information, see the CLEW factsheet Germany ponders how to finance renewables expansion in the future.