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MIL OSI Translation. Region: Germany / Deutschland –

Source: Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety From January 1, 2021, climate-damaging fossil fuels will be charged with a price of 25 euros per ton of CO2. This makes oil, diesel, petrol and natural gas more expensive. The electricity price, however, should fall.

Citizens are relieved from income

From January 1, 2021, climate-damaging fossil fuels will be charged with a price of 25 euros per ton of CO2. This increases the price of oil and diesel by 7.9 cents per liter, gasoline by 7 cents per liter and natural gas by 0.6 cents per kilowatt hour. Citizens are relieved of the additional costs by reducing the electricity price, among other things. The amendment to the law already passed by the Bundestag on Thursday also passed the Bundesrat today. With the Fuel Emissions Trading Act (BEHG), a rising CO2 price will be introduced in the next few years in the form of national certificate trading for the heating and transport sectors. Federal Environment Minister Svenja Schulze: “The CO2 price is coming. The key to success will be that there are good and affordable alternatives to heating oil, natural gas, gasoline or diesel. That is why we are giving the income from the CO2 price back to the citizens in several ways: by relieving the electricity price or by subsidies for new, climate-friendly heating systems. The goal is not to make more money – the goal is that the switch to climate-friendly alternatives is also the right choice for the wallet. ”The change in law that has now been passed implements the agreements of the mediation committee of December 18, 2019 and sets a new price path that starts at 25 euros per tonne of CO2 on January 1, 2021. In 2026 the fixed price will move into a price range of 55 to 65 euros per ton of CO2. An evaluation in 2025 will show whether there will be free pricing for the following years. The new system records all fuel emissions in Germany as long as they are not covered by EU emissions trading (EU ETS). At the same time, higher compensation measures are being implemented for citizens and affected companies. The income from the national emissions trading system is used in particular to relieve the EEG surcharge, a key component of the electricity price. This relieves households and companies in a targeted manner. The reduction in the price of electricity also makes switching to electricity-based alternatives such as electric cars or heat pumps financially more attractive. In addition, the federal government is promoting climate-friendly alternatives, for example through more investments in local public transport, rail network and charging infrastructure as well as through well-equipped funding programs for building renovation and climate-friendly heating.

09.10.2020 | Press release No. 177/20 | Climate protection

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