"The higher CO2 price increases the price of fossil fuels and brings us climate goals," said the SPD politician of the German press-Agency of the Cabinet meeting, this Wednesday, in which the Federal government wants to bring the pressure of the Greens, decided to increase the price on the way. The revenue would be used in the full amount for the relief on the electricity bill, it said.

Federal government heating oil, Diesel and petrol makes it more expensive

As part of the climate package in 2021, companies that bring petrol, Diesel, heating oil and natural gas in the German market have to buy so-called pollution rights. The price will be in the first year, 25 euros per ton of CO2. So that Oil, Diesel and gasoline, according to the Ministry of the environment to about seven to eight cents per litre more expensive. In the future, greater increases in levels are planned. The revenue to relieve the Green levy that everyone pays the electricity bill, and with which Wind and solar energy is subsidised. The effect exactly to the price of Electricity, however, is still unclear. Most recently, the energy transition had pushed German power prices to a record high. Mobile in Germany, The planned CO2 tax would make the Refueling is significantly more expensive (calculation example with a gasoline price of 1.50 euros per Liter and for 2030 with the planned CO2 tax in the amount of 50 cents per Liter)

companies see rise in no sense

Schulze pointed out that a higher Commuter tax relief in addition, commuters. "The climate-friendly choice will be the right decision for your wallet," she said.

a Protest against the plans of the black-red coalition came out of the industry. A national CO2-pricing are likely to threaten "the existence of many medium-sized companies, since a new national levy on fossil fuels should be introduced, the European and international competitors do not know," warned a coalition, which, among other things, the General Association of the German textile and fashion industry, and the General Association of the plastics processing industry and the trade Association steel and metal processing belong to.

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sv/dpa-AFX Updated Date: 22 May 2020, 17:27