Climate Levy Can Help Germany Achieve 40% Climate Target, Says DIW Report

Study shows climate levy can significantly reduce CO2-emissions in the power sector by 2020

The so called “climate levy” proposed by the German Federal Ministry for Economic Affairs and Energy can significantly reduce CO2-emissions in the German power sector by 2020 and thus help meet the national 40 per cent climate target, says a new study by the German Institute for Economic Research (DIW Berlin), which was commissioned by the ECF and the Heinrich Böll Foundation. The report says that compared to other options, which are currently being discussed, the climate levy is the most cost-effective and efficient option and offers opportunities for the structural transition and for employment.

Please download the study here (German version only).