Economists urge Germany to price carbon, end subsidies

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Economists urge Germany to price carbon, end subsidiesA panel of economists advising the German government is recommending that the country should put a price on carbon emissions if it wants to meet its targets for reducing the amount of greenhouse gases being released into the atmosphere. In a report delivered Friday to German Chancellor Angela Merkel, the expert panel suggested that the government make transport and heating with fossil fuels more expensive, and end subsidies that currently encourage the use of gasoline, natural gas and coal. The country's environment minister called last week for carbon taxes to be used at least in part to financially boost low-income households, but there has been pushback from Germany's powerful auto lobby and lawmakers representing rural regions, where many rely on cars to commute to work.


Read More: https://news.yahoo.com/merkel-markets-not-just-bans-090300840.html

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