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Merkel favours carbon pricing to meet environmental targets

Merkel favours carbon pricing to meet environmental targets
German Chancellor Angela Merkel holds the annual summer news conference in Berlin, Germany, July 19, 2019. REUTERS/Hannibal Hanschke -
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BERLIN (Reuters) – Chancellor Angela Merkel said on Friday she favoured carbon prices to incentivise savings in climate-damaging emissions, as Germany struggles to meet its 2030 environmental targets.

“I believe that is right. But that also means that on the other hand we need to keep a social balance,” Merkel told a news conference, adding: “Innovation can be incentivised through pricing.”

She said her cabinet aimed to agree a package of measures to meet its environmental targets in September.

(Reporting by Paul Carrel, editing by Vera Eckert)

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