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Climate package of the federal government: CO2 price should bring to 2023 almost 19 billion euros

2019-10-01T06:04:42.849Z

TIME ONLINE | News, backgrounds and debates



Berlin (dpa) - The Federal Government expects from the planned CO2 price for transport and heating by 2023 revenue of 18.8 billion euros.

This was reported by the newspapers of the Funke-Mediengruppe and Handelsblatt, citing documents for the Cabinet meeting on Wednesday. It is therefore about the financial impact of the climate change package on the budget for 2020 and subsequent years. According to reports, the government wants to launch a supplementary budget for the coming year to implement its climate plans.

According to the Funke report, Minister of Finance Olaf Scholz (SPD) emphasizes in the bill for the Cabinet that all proceeds from the carbon pricing should flow either in climate protection measures or in the relief of the citizens.

The climate protection package of the Federal Government provides for measures amounting to more than 54 billion euros by 2023. The goal is for Germany to meet its climate protection targets for 2030. The cornerstones of the package had the Federal Cabinet last week decided.

A CO2 price is intended to make climate-damaging fuels from oil, natural gas and coal more expensive - and thus create an incentive for the development and purchase of more climate-friendly cars and heaters. The black-and-red climate package envisages investing 10 euros per ton of carbon dioxide (CO2) in 2021 in the areas of transport and heating - critics consider this price much too low. The price should rise to 35 euros by 2025 and be partly left to the market from 2026 in a trade in pollution rights, but initially capped at 60 euros.

In return for the CO2 price, among other things, the commuter tax allowance for long distances is to increase, and the EEG levy to promote green electricity from 2021 should also be reduced. The switch from old oil heating systems to more climate-friendly new models is to be promoted with an "exchange premium" of up to 40 percent of the costs. The coalition also wants to make rail travel cheaper and flights more expensive. The motor vehicle tax should be more geared towards CO2 emissions for new cars.

According to Handelsblatt, the main component of Scholz's supplementary budget is the economic plan for the so-called Energy and Climate Fund, which would finance most climate protection measures. Accordingly, the main sources of finance will be the billions in revenues from the CO2 price, revenues from certificates trading in the energy sector and a reserve of six billion euros.

According to Funke newspapers, Scholz assures with regard to the implementation of the climate protection package: "The debt rule enshrined in the Basic Law will continue to be respected." Through the climate policy measures, the Federal Government is "giving a strong boost to the economy" and supporting German industry in the necessary structural change. The Minister of Finance had previously made it clear that there should be no new debt to finance.

The President of the German Institute for Economic Research (DIW), Marcel Fratzscher, called for further steps towards climate protection. "A clear statement would be, for example: starting in the year 2030, new cars with internal combustion engines will no longer be allowed, as other European countries do," he told the "Neue Osnabrücker Zeitung" (Tuesday). "That would be a framework that citizens and businesses could expect. The German government should rectify its climate program. "Opposition, environmentalists and business associations had sharply criticized the government's climate concept.

Source: zeit

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