Germany's two houses of parliament are poised to more than double the starting price for carbon dioxide emissions from the transport and heating industries when the charge is introduced in 2021.
Catch up on the developing stories making headlines.The fee will be charged to companies, but like fuel taxes it will end up being consumers who pay.
Chancellor Angela Merkel's government had initially agreed on a starting price for CO2 emissions from transport and heating fuels of 10 euros per ton, but the environmentalist Green party, which holds key votes in the upper house of parliament, demanded it be set higher. “The targeted price path could actually lead to a real reduction of greenhouse gas emissions,” said Ottmar Edenhofer, co-director of the Potsdam Institute for Climate Impact Research. “It is now close to what economic research has found to be economically effective carbon pricing.”
The Federation of German Industries warned that medium-sized businesses could be disadvantaged by the higher carbon price compared with competitors that don't have to pay such charges.
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