The German parliament has voted in favor of a higher starting price for the country’s new CO2 reduction scheme in the heating and transport sectors.
The majority of MPs agreed to setting the price for one metric tonne of CO2 at 25 euros. As of 1 January 2021, companies that bring petrol, diesel, heating oil and natural gas into circulation will have to buy emission allowances. The price will increase to 55 euros per metric tonne by 2025 and as of 2026 the price will be determined by auctions within a frame of 55-65 euros.
[FULL STORY HERE]
World Politics News is dedicated to raising Americans' knowledge of political events, elections, and legislation throughout the world.
[FULL STORY HERE]
World Politics News is dedicated to raising Americans' knowledge of political events, elections, and legislation throughout the world.
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