CO2 price could become “next tax hammer” for petrol and heating oil

Environment minister Svenja Schulze’s proposal to introduce a CO₂ price could make petrol and heating oil even more expensive, write Fritz Esser, Kai Weise, Karina Mössbauer and Larissa Krüger in mass-daily Bild. “As if petrol and heating oil didn’t have a HIGH price already (…) but it’s also a fact that missing EU climate targets will also become really expensive in two years’ time at the latest.” From 2020 onwards, Germany might have to pay billions if emissions don’t fall rapidly enough, says the article entitled “SPD minister plans special tax on petrol and heating oil”.

Read the article in German here.

Find background in the articles German env minister plans CO₂ price concept to boost climate action and Germany may have to buy way out of EU climate goal - ministry paper.