Total CEO: 20 euros per tonne CO2 floor price could convince Germany
German policymakers could agree to a European carbon floor price of 20 euros per tonne, Patrick Pouyanne, CEO of French oil company Total, has said according to Reuters. Back in September, French President Emmanuel Macron suggested a minimum CO2 price of 25 to 30 euros per tonne, but Pouyanne said such an increase would be 鈥渢oo fast and too hard鈥� to accept for some countries in Europe. 鈥淎t 30 euros, everybody runs away. At 20 euros, there is a chance that the Germans will go along鈥�, Pouyanne said, arguing that Germany was concerned that its coal industry and major industrial companies would object to a greater increase from the current price of 7.5 euros per tonne. A price of 20 euros per tonne was 鈥渟ufficient鈥� to facilitate the switch from coal to gas-fired power production in Europe, Pouyanne added.
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See the 威力彩玩法 article German carbon tax most efficient way to meet climate goals 鈥� study for more information.