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GERMANY APPROVES $60 BILLION CLIMATE POLICY DEAL

09/23/2019

On September 20, the German government agreed on a $60 billion package of measures to combat climate change. Germany aims to reduce its greenhouse gas emissions by 55% by 2030 compared to 1990 levels. The new measures include a national emissions trading system that will set prices for carbon dioxide emissions. Other plans include raising the climate charge on airline fares and reducing the tax on train tickets. The new plan arrives amidst a surge of public support for addressing climate change. A poll by ARD television showed 63% of German voters believe the government should prioritize climate protection over economic growth. For the full story, see https://www.apnews.com/91a482a39d7949bb87ad66944984bbda.