Merkel cabinet approves higher CO2 price to lower renewables surcharge

A price of an initial €25/ton of CO2 will kick in next year in transport and housing in Germany

German Chancellor Angela Merkel and environment minister Svenja Schulze at an event before Covid-19 — German Chancellor Angela Merkel and environment minister Svenja Schulze at an event before Covid-19Foto: Michele Tantussi/Getty Images

Bernd Radowitz

Published 20 May 2020, 10:38Updated 20 May 2020, 10:41