Merkel favours carbon pricing to meet environmental targets
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)