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Budget crisis: FDP rejects higher CO₂ price - criticism from science and opposition

2023-11-29T14:08:07.869Z

Highlights: Budget crisis: FDP rejects higher CO₂ price - criticism from science and opposition. FDP favours emissions trading at the EU level will ensure that "CO ₂ emissions actually fall," argued the FDP budget politician Herbst to the Bavarian media group. The proceeds from CO ⁂ pricing are to be used for building renovation, electromobility, the expansion of the railway infrastructure and also the promotion of semiconductor factories. The instrument is intended to provide incentives to reduce the consumption of fossil fuels and thus CO⁂ emissions.



Status: 29.11.2023, 14:54 PM

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The Bundestag: The billion-dollar hole in the budget divides the parties. © Michael Kappeler / dpa

Despite the ongoing budget crisis, the FDP thinks little of the idea of increasing CO₂ prices. The opposition sees it differently - and gets support from the scientific community.

Berlin - Despite the billion-dollar hole in the budget, the FDP parliamentary group in the Bundestag rejects a greater increase in the CO₂ price in 2024. "I don't think it makes sense to raise the national CO₂ price beyond the planned level," Torsten Herbst, parliamentary secretary of the FDP parliamentary group, told the newspapers of Mediengruppe Bayern on Wednesday. In any case, the more suitable system for climate protection is the European CO₂ certificate trading, in which "the market and demand determine the CO₂ price, not politics".

CO₂ price: FDP contradicts researchers

After the Karlsruhe ruling, there was an increasing number of voices calling for a higher CO₂ tax in order to generate revenue. The director of the Potsdam Institute for Climate Impact Research (PIK) told the AFP news agency that after the budget ruling of the Constitutional Court, climate protection through higher debt is no longer possible. Higher CO₂ pricing is therefore "the sensible way".

National CO₂ pricing for petrol, diesel, heating oil and natural gas was introduced in 2021 at 25 euros per tonne. In 2024, it is to rise from the current 30 to 40 euros. Citizens will then feel this, among other things, when heating or refuelling.

The instrument is intended to provide incentives to reduce the consumption of fossil fuels and thus CO₂ emissions. The proceeds from CO₂ pricing are to be used for building renovation, electromobility, the expansion of the railway infrastructure and also the promotion of semiconductor factories.

FDP favours emissions trading

Emissions trading at the EU level will ensure that "CO₂ emissions actually fall," argued the FDP budget politician Herbst to the Bavarian media group. "National unilateral action in CO₂ regulation will only bring higher costs for citizens and businesses in Germany, but no benefit for climate protection."

The revenues from the national CO₂ price finance the Climate and Transformation Fund (KTF), which will continue to exist even after the Karlsruhe ruling. The constitutional judges had only declared inadmissible the approach of the traffic light government to top up the fund with 60 billion euros in unused loans from the Corona pandemic.

The climate policy spokesman of the Union parliamentary group, Andreas Jung, criticizes the traffic light coalition for the handling of the instrument: "The 40 euros for 2024 should be decided with the draft of a budget financing law," the CDU politician told the Bavarian media group. "But that's not going to happen this year." Therefore, no one knows yet how high the CO₂ price will be from 1 January. "These escapades are creating uncertainty and undermining the credibility of this important climate instrument." (AFP, LF)

Source: merkur

All news articles on 2023-11-29

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