Berlin freezes carbon price in the name of crisis relief
6 Sep 2022
The German government will suspend the price increase of its domestic carbon price for one year as part of a €65 billion relief package meant to alleviate the strain of record-breaking energy prices.
The €65 billion burden relief package resulted from late-night talks within the German government and combines direct cash hand-outs with plans to siphon “windfall” profits from electricity generators. The suspension of the country’s iconic carbon price may be a tough pill to swallow for climate activists, though.
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