Thursday, May 06, 2021
“Dependent on everyone’s cooperation”
Merkel calls for global CO2 pricing
According to the ruling by the Federal Constitutional Court, the price of CO2 could rise faster in Germany. However, Chancellor Merkel is in favor of expanding the principle internationally. She is convinced of the steering instrument.
In the fight against climate change, Chancellor Angela Merkel has spoken out in favor of an international expansion of the price to include CO2 emissions. “I think CO2 pricing is a particularly suitable instrument for steering,” said the CDU politician at the “Petersberg Climate Dialogue” with representatives from around 40 countries. It is therefore advisable to expand it to other sectors
The Chancellor pointed out that this has already been implemented in Germany with the price on fuel, gas or heating oil. “But we are dependent on everyone’s cooperation,” she appealed to the international community. Merkel pointed out that the EU and Germany are raising their climate targets again. In addition, the poorer countries are being supported in adapting to climate change with over four billion euros annually. They are ready to help in the next financing round from 2025.
Merkel also called on the countries of the world to act quickly and in solidarity against climate change. “In the interests of future generations around the world, it is important that we act quickly and decisively to limit the dramatic consequences of global warming,” said Merkel.
Paris climate target is torn
The Petersberg Climate Dialogue with representatives of all major greenhouse gas emitters is considered preparation for the world climate summit in Glasgow at the end of the year. There the new goals of the world community are to be summarized and firmly anchored. If these are implemented, global warming would likely increase by around 2.4 degrees. In the Paris World Climate Agreement, however, the requirement of well below two degrees, if possible 1.5 degrees, is agreed. The states will therefore have to step up in the coming years.
British Prime Minister Boris Johnson, host of the world climate summit in Glasgow, called for further efforts: “This will be the decade in which we either oppose climate change together or go under together.” With a view to the top meeting of the seven large industrialized countries (G7) in his country in June, he recalled that the annually pledged 100 billion euros from private and public funds for the poorer countries had not yet been reached.
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