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Germany Considers Carbon Tax to Meet 2030 Climate Goals, an Industrial Info Market Brief

Germany Considers Carbon Tax to Meet 2030 Climate Goals, an Industrial Info Market Brief

Germany is focusing on meeting the country's climate goal of reducing greenhouse emissions by 55% by 2030. The country is considering putting a price on carbon through a tax on emissions or through expanding the European Union (EU) emissions trading system (ETS) to all sectors. The EU's ETS puts an overall limit for all energy-intensive industries such as steel and iron works, aluminum, cement and glass production. By the end of this year, Germany will decide whether to introduce carbon pricing.