German Carbon Price Rises to 55 Euros per Tonne
Berlin, January 2, 2025 – Germany’s carbon dioxide (CO2) pricing mechanism has increased from 30 euros per tonne to 55 euros per tonne, effective today. The announcement was made by the German Ministry of Environment, Nature Conservation, Nuclear Safety and Consumer Protection.
The carbon price is a key instrument in Germany’s efforts to reduce greenhouse gas emissions and transition to a climate-neutral economy. It is part of the country’s National Emissions Trading Scheme (ETS), which covers approximately half of Germany’s emissions.
Under the ETS, companies are required to pay for each tonne of CO2 they emit. The price of carbon is determined by supply and demand in the market for emissions allowances. Companies can buy and sell these allowances to offset their emissions.
The increase in the carbon price is expected to accelerate the transition to renewable energy sources, energy efficiency, and other climate-friendly technologies. It is also intended to provide a strong signal to investors and businesses that investments in climate protection are essential.
“The increase in the carbon price is a significant step towards achieving our climate goals,” said Minister of Environment Steffi Lemke. “It sends a clear price signal to emitters and encourages innovation and investment in climate-friendly solutions.”
The government has also announced a series of measures to mitigate the impact of the carbon price on households and businesses. These include:
- A reduction in the electricity tax
- A subsidy for heating oil and natural gas
- Financial assistance for low-income households
The government estimates that the carbon price will add approximately 1.5 cents per liter to the price of gasoline and diesel fuel. However, it emphasizes that the overall impact on household and business budgets will be limited by the accompanying mitigation measures.
The carbon price increase is supported by a broad coalition of environmental groups, businesses, and policymakers. They argue that it is an essential tool for reducing emissions and combatting climate change.
“The carbon price is a win-win situation for Germany,” said Timon Wehnert, head of the Climate Alliance Germany. “It reduces emissions while also creating jobs and stimulating economic growth.”
The government has indicated that the carbon price will continue to increase in the coming years, as Germany moves towards its goal of becoming climate-neutral by 2045.
CO2-Preis beträgt jetzt 55 Euro
The AI has provided us with the news.
I’ve asked Google Gemini the following question, and here’s its response.
Die Bundesregierung a new article on 2025-01-02 15:00 titled “CO2-Preis beträgt jetzt 55 Euro”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
55