The Bundestag, Germany’s lower house of parliament, has passed a text introducing a national price of €25/t of CO2 emissions in the transport and building sectors from 2021, which will be raised to €55/t by 2025. From 2026, the certificate price will be determined through auctions, with a ceiling price of €55/t and a maximum price of €65/t in 2026. Companies active in fuel (gasoline, diesel, heating oil) and gas sales will have to buy emission rights. Consequently, gasoline prices are expected to rise by €7c/l and diesel prices by €7.9c/l in 2021 (+€0.6c/kWh for gas).
The measure is part of the climate package that was approved in October 2019 by the federal cabinet. The climate protection bill sets legally binding climate protection targets for every single economic sector, enshrining the country's target to become greenhouse-gas-neutral by 2050 in law. This corresponds to a 55% cut in greenhouse gas (GHG) emissions by 2030 compared with 1990.
Interested in Global Energy Research?
Enerdata's premium online information service provides up-to-date market reports on 110+ countries. The reports include valuable market data and analysis as well as a daily newsfeed, curated by our energy analysts, on the oil, gas, coal and power markets.
This user-friendly tool gives you the essentials about the domestic markets of your concern, including market structure, organisation, actors, projects and business perspectives.