Germany’s Ruling Coalition Is Divided Over A Carbon Price Hike ...Middle East

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Germany’s Ruling Coalition Is Divided Over A Carbon Price Hike
source : OILPRICE ( Middle East ) () 21
The ruling coalition in Germany is still split on how much the domestic carbon price should rise amid stubborn inflation that could be further fueled by higher energy prices, sources close to the government told Bloomberg on Wednesday. In 2021, Germany introduced a carbon price of $27.39 (25 euros) per ton, as part of its net-zero ambitions. The price rose to $32.87 (30 euros) per ton as of January 2022 and was expected to continue rising in the following years. But in September 2022, the German government froze the carbon price increase for one…

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