Experts call for CO2 price tag to preserve Energiewende鈥檚 鈥渃redibility鈥�
Leading experts commissioned by the German economy ministry (BMWi) say Germany will probably miss key targets of the Energiewende, endangering the entire projects's credibility.鈥� In their advisory opinion on the BMWi鈥檚 fifth Energiewende Monitoring Report, the experts said there was a 鈥渃onsiderable need for action鈥� for Germany to meet its own Energiewende targets. The country is on track to increase renewable power production but has failed to reduce energy consumption and increase energy efficiency as planned. Amongst other things, the experts call for a 鈥済eneral price tag for CO2 as a leading instrument鈥� to transform the energy system. In the report, the government concedes that reaching Germany鈥檚 2020 greenhouse gas emission reduction targets will require 鈥渇orceful implementation鈥� of the Climate Action Programme 2020, confirming earlier projections of the environment ministry. The expert commission, however, said the government would 鈥渕ost likely鈥� fail to achieve its emissions target.
Read the BMWi鈥檚 press release in German and find the experts鈥� statement in German .