"We need a substantial minimum price on CO2 emissions, and we need to include all sectors into the pricing scheme, that's what economic research shows," said Edenhofer who is also Director of the Mercator Research Institute on Global Commons and Climate Change (MCC) and Professor of Climate Economics at Technical University Berlin. "This could reduce fossil fuel use and incentivize renewable energies. And instead of just spending billions of Euros it would raise some money to be used for making sure the transition towards a zero emissions economy is a fair and just transition. EU Commission President Ursula von der Leyen is right about stating that comprehensive tax reforms are an important instrument to tackle the sustainability challenge. The Green Deal makes me hope that we Europeans indeed can become global leaders in helping to stabilize our climate and in safeguarding the future of our children."
Weblink to EU Green Deal: https://ec.europa.eu/info/strategy/priorities-2019-2024/european-green-deal_en
Weblink to PIK/MCC on CO2 pricing and the German climate package:
- https://www.pik-potsdam.de/news/press-releases/pik-and-mcc-contribute-to-climate-policy-special-report-for-german-government
- https://www.pik-potsdam.de/news/press-releases/pik-and-mcc-deliver-detailed-assessment-of-german-climate-package
