Christian Lindner: No extra local weather cash this election interval | EUROtoday
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Finance Minister
Lindner: No extra local weather cash this election interval
Climate cash? “Whether we politically restructure the funding landscape in this direction will have to be decided after the next election,” says Finance Minister Lindner
© Thomas Kienzle / AFP
The elevated CO2 worth makes refueling and heating costlier. The FDP finance minister rejected calls for for compensation for residents. There must be no local weather cash earlier than the following election.
Federal Finance Minister Christian Lindner doesn’t wish to determine on the cost of the local weather cash deliberate by the visitors mild till the following legislative interval. “From 2025 we can technically make a per capita payment. This means we are on schedule. Whether we politically restructure the funding landscape in this direction will have to be decided after the next election,” stated the FDP politician from the “Neue Osnabrücker Zeitung” (NOZ) based on the preliminary report from Sunday.
Previously, some politicians, economists and client advocates had known as for local weather cash to be paid out shortly to be able to compensate for the rise in CO2 costs for customers initially of the 12 months. This makes refueling and heating costlier. The CO2 worth for all fossil vitality sources resembling heating oil, pure fuel, gasoline and diesel has existed in Germany since 2021. The consumption of those uncooked supplies is turning into costlier, which is meant to contribute to local weather safety. The worth for emitting one ton of CO2 rose from 30 to 45 euros on the flip of the 12 months. In 2025 the worth must be 55 euros.
Christian Lindner: “You can’t spend the money twice”
Last 12 months, Germany once more acquired a file sum from the sale of carbon dioxide air pollution rights – round 18.4 billion euros. That was round 40 % greater than in 2022, because the German Emissions Trading Authority (DEHSt) introduced. The cash due to this fact flows solely into the Climate and Transformation Fund (KTF), from which vitality transition and local weather safety measures are financed.
CO2 certificates used for different functions Lindner stated that the concept of local weather cash is to switch the earnings from the per capita CO2 worth again to folks. “Currently, the income is used to promote heating, building renovations, green steel production, charging stations for electric cars and so on. In short, because one household receives funding for a heat pump, several hundred others cannot receive climate money that year. You can’t spend the money twice. So the climate money would replace the subsidies we have now,” he informed the NOZ. In his view, a choice on such a system change can solely be made after the following federal election.
The SPD, Greens and FDP had agreed within the coalition settlement: “In order to compensate for future price increases and to ensure acceptance of the market system, we will develop a social compensation mechanism beyond the abolition of the EEG levy (climate money).” If the CO2 worth rises for local weather safety causes, cash must be put into residents’ accounts to compensate. First of all, technical necessities should be created for direct cost to residents. According to the Federal Ministry of Finance, this must be potential in 2025.
Relieve the burden on small and medium incomes
The President of the German Institute for Economic Research (DIW), Marcel Fratzscher, had beforehand known as for instant authorities local weather cash to compensate for rising vitality costs. “Climate money should also send the signal: Yes, climate protection is important. But we also specifically relieve the burden on people with small and medium incomes,” Fratzscher informed the “Web.de” portal on Saturday. Otherwise the impression would come up that politicians determine on costly issues just like the CO2 worth after which depart residents to cope with the implications, criticized the economist. It is “high time” for the visitors mild coalition to implement local weather cash.
The opposition additionally criticized once more. “The traffic light increases the CO2 price, but does not relieve the burden on citizens by simultaneously returning the income,” stated deputy CDU chairman Andreas Jung. This creates a social imbalance that damages the acceptance of this vital instrument for local weather safety.
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