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29 Nov 2018, 15:57
Benjamin Wehrmann

UN’s Emissions Gap Report is a call for a carbon price in Germany – think tank

MCC / PIK

The United Nations Environmental Programme’s (UNEP) ā€œEmissions Gap Reportā€ on the divergence between the Paris Agreement’s goals and actual carbon emissions around the world is a call for ā€œa sustainable financial reform in Germanyā€ and for the ā€œintroduction of an effective CO2 price,ā€ Brigitte Knopf of the think tank MCC says in a press release. ā€œBesides the ā€˜emissions gap,’ there is a glaring ā€˜policy gap’,ā€ Knopf says. Earnings made from a carbon price could be used to invest in sustainable infrastructure, lower other taxes, and support low-income households, she argued. ā€œCurrently, about half of all emissions in the energy sector occur without being charged,ā€ Knopf explains. Gunnar Luderer of the climate research institute PIK says a ā€œswift turnaroundā€ in global emissions is needed to get anywhere close to reaching the Paris Agreement’s goal of limiting global warming to 1.5-2 degrees Celsius. Ahead of the UN climate conference (COP24) in Poland, ā€œGermany and Europe could show leadership here by aiming for complete greenhouse gas-neutrality by 2050 and by substantially ramping up the 2030 emissions reduction targets,ā€ Luderer says.

Find the report in English .

See the Āé¶¹ĪŽĀė°ę articles German env min plans CO2 price concept to boost climate action and German financial sector expects EU standards to boost green finance for background.

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