German government looks to introduce country-wide carbon tax

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German government looks to introduce country-wide carbon tax

Germany had been exploring an option to set off a nation-wide system of carbon emission taxation, as senior officials of both parties of German coalition government had reached an agreement over the proposal, a Frankfurter Allgemeine report had unveiled on Sunday, the 28th of April 2019.

According to Frankfurter Allgemeine’s Sunday’s (April 28th) report, German economy minister, conservative Peter Altmaier had managed to reach an accord over the concept after initially being opposed by the Environment minister, Svenja Schulze, a Social Democrat.

Followed by getting through to a resolution over the much-debated proposal, a German Economy Ministry official said, “It looks like a form of CO2 pricing is going to come,” the Frankfurter Allgemeine’s report added.

The latest development over a nation-wide carbon taxing came forward after German Chancellor, Angela Merkel, had announced earlier this month that the government had been probing a proposal of carbon pricing, which would likely to make activities more expensive that usually contributed more to climate change by releasing Carbon dioxide.

In point of fact, the proposal would be making a wide-ranging source of alternative energies likes of wind and solar generated electricity much cheaper in comparison to the coal-powered industries, which Germany had planned to erase over the next three decades.