"It is a courageous step for Germany to raise the price on CO2 - the targeted price path could actually lead to a real reduction of greenhouse gas emissions. It is now close to what economic research has found to be economically effective carbon pricing for the climate package. In light of the weak outcome of the UN Climate Summit in Madrid it is good that Germany shows itself eager to contribute to climate stabilization. Only a substantial carbon price can limit the costs of climate change and secure economic growth in the long term. Social justice is very important here: According to the new plans, the revenues from the pricing will now also be used to reduce levies on electricity. Lowering these charges will benefit all citizens, and especially low-income households."
Weblink to Edenhofer's comment on the European Commission's Green Deal: https://www.pik-potsdam.de/news/in-short/edenhofer-the-european-green-deal-is-a-bold-plan
Weblink to Edenhofer's October assessment of the climate package: https://www.pik-potsdam.de/news/press-releases/pik-and-mcc-deliver-detailed-assessment-of-german-climate-package
Weblink to Edenhofer's CO2 pricing scheme expertise for the Federal Government, delivered in July: https://www.pik-potsdam.de/news/press-releases/pik-and-mcc-contribute-to-climate-policy-special-report-for-german-government?set_language=en
