Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Germany eyes carbon price of 30 euros a tonne in transportation, housing: sources

Published 09/19/2019, 05:30 PM
Updated 09/19/2019, 05:36 PM
© Reuters.  Germany eyes carbon price of 30 euros a tonne in transportation, housing: sources

BERLIN (Reuters) - German government officials are discussing the introduction of a carbon emission price of roughly 30 euros a tonne for the transport and housing sectors, three people familiar with the negotiations told Reuters on Thursday.

The German government is bracing for all-night talks on a new climate policy that will determine whether Berlin is serious about engineering a paradigm shift in Europe's largest economy or simply wants to make a token show of going green.

The ruling coalition has set itself a Friday deadline to present a package of measures that are likely to include a carbon-pricing initiative to cap the use of fossil fuels in Germany, where the Greens party is enjoying a surge in support.

The starting price for carbon emissions in transportation and housing should be roughly 30 euro per tonne and put it on the same level as the already existing price that industrial companies and power stations have to pay via the European Union certificate trading scheme, three people familiar with the talks told Reuters on condition of anonymity.

For car drivers, such a CO2 price in transportation would translate into a surcharge of some 10 euro cents per liter gasoline or diesel, including VAT, the sources said.

The head of Germany's Environment Agency, Dirk Messner, said earlier this week that an ambitious climate protection package should include a starting carbon price of 40 euros a tonne, rising to between 150 and 180 euros over the next decade.

Latest comments

Effects of increased CO2 on plants and crops. A 1993 review of scientific greenhouse studies found that a doubling of CO. 2 concentration would stimulate the growth of 156 different plant species by an average of 37%. Response varied significantly by species, with some showing much greater gains . For example, a 1979 greenhouse study found that with doubled CO. 2 concentration the dry weight of 40-day-old cotton plants doubled, but the dry weight of 30-day-old maize plants increased by  20%. There is only 0.06% CO2 in the air , Nitrogen 78%, Oxygen 21% . More CO2 the greener the planet Earth .
Carbon dioxide (CO. 2) is an important trace gas in Earth's atmosphere. It is an integral part of the carbon cycle, a biogeochemical cycle in which carbon is exchanged between the Earth's oceans, soil, rocks and the biosphere. Plants and other photoautotrophs use solar energy to produce carbohydrate from atmospheric carbon dioxide and water by photosynthesis. Almost all other organisms depend on carbohydrate derived from photosynthesis as their primary source of energy and carbon compounds.
**euro cents...
holy *******they can't be serious with those numbers...10 euro per liter?! thats 37.8 euro per gallon!
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.