Macron’s EU CO₂ pricing proposal draws mixed reactions in Germany

French President Emmanuel Macron’s call for a European price of 25-30 euro per tonne of CO₂ has received mixed reactions in Germany, reports Andreas Mihm in Frankfurter Allgemeine Zeitung. German utilities argue that the proposed scheme would put the French power industry at an advantage, because it is largely based on low-emission nuclear power. The industrial location Germany would suffer due to the country's power mix, said utility RWE. The economy ministry cautioned that “up until now, there was no majority for [such a CO₂ price] on a European level”. Scientists and economists have praised Macron’s proposal and said it would make much more sense economically than national solo efforts, writes Mihm.

For background, read the CLEW article Experts call for CO2 price to retain Energiewende’s credibility.