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Merkel favours carbon pricing to meet environmental targets

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By Reuters
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   -   Copyright  HANNIBAL HANSCHKE(Reuters)
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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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