Free Trial

POWER: Germany Unsatisfied with Carbon Price Mechanism

POWER

Over half of Germans are against the country's domestic carbon pricing mechanism which covers transport and building industries, a survey from Dusseldorf-based IMK shows.

  • 53% of Germany believe the current national CO2 price is "very unacceptable"
  • The CO2 price, operating as a national carbon tax from 2021, will increase to €55/t in 2025.
  • In 2026 it will become an emissions trading system, with emission permit auctions applying a €55-65/t price corridor, according to Quantum Commodity Intelligence.
  • This could be a larger issue once a similar mechanism is launched EU-wide in 2027.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.