The increase in CO2 prices from 2027 would mean an additional burden for 18.6 million households in Germany. This would be the case even if a so-called climate money were to be introduced. This is the result of a study by the IMK of the Hans Böckler Foundation. Among those affected are middle-income owners who own older properties in rural areas. The reason for this is that the amount of the climate money is not sufficient to compensate for the additional costs. Almost 4.7 million households would even have to pay more than two percent of their net income for CO2 levies.
Prof. Dr. Sebastian Dullien, Scientific Director of the IMK, emphasizes that a per capita carbon price alone cannot prevent social imbalances caused by rising CO2 prices. Additional measures such as building renovations and the expansion of local transport are necessary, especially in rural areas. He points out the potential impact of the Federal Constitutional Court ruling, which threatens many funding programs from the Climate and Transformation Fund.
The next stage of European CO2 emissions trading, EU-ETS2, will start in 2027, with the CO2 price being determined by a market mechanism. Experts anticipate a significant increase in CO2 taxes. The German government plans to return part of the revenue from certificate trading to citizens as a per capita flat rate. In this way, no one will be overburdened financially. Further information on this topic is available at https://www.boeckler.de/.
Source: https://www.boeckler.de/.
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