Germany's carbon dioxide tax will increase from the current 45 euros per ton to 55 euros in early 2025, pushing up heating and energy costs for consumers and businesses. [emphasis, links added]
A sharp rise means CO2 tax nearly doubled in just two years. In 2023, the carbon tax will be €30 [$32] For you.
But according to Blackout News, there's more to it than that. The carbon dioxide tax is levied by value-added tax, which is currently 19%.
“Homes and businesses that rely on gasoline, diesel, heating oil or natural gas are facing increasing financial challenges.” Blackout News wrote.
“As a result of the CO2 tax, petrol will rise by 4.3 cents per liter and diesel by 4.7 cents per liter. Heating bills will also rise sharply. Natural gas will be a further 0.21 cents per kWh more expensive than before the CO2 tax. Compared to a total increase of 1.21 cents, the price of heating oil per liter increased by 17.5 cents, an increase that affected many households.
The huge increase is certainly a bad sign for the current coalition government of the Social Democrats, Greens and FDP, which will face a no-confidence vote in parliament later this month.
A vote of no confidence will result in the dissolution of Congress and the holding of new elections within 60 days of the vote.
Pain at the pump and higher utility bills will make the current coalition partners even more unpopular.
But whether the new government under Friedrich Merz (CDU) will change anything remains highly doubtful. Only the opposition Alternative for Germany party is firmly opposed to a CO2 tax. Merz's Christian Democratic Union currently leads the polls.
65 euros per ton in 2026
CO2 tax to rise to 65 euros [$68] This will increase by one ton by 2026, making the energy cost gap between Germany and other countries potentially unsustainable.
As energy prices soar, German citizens and businesses are increasingly dissatisfied.
At the same time, the Trump administration has expressed a strong interest in making energy affordable again in the United States.
Who benefits from CO2 taxes? government.
According to “Blackout News”:
“More than 18 billion euros flowed into state coffers, of which 10.7 billion euros came from national heating and transport emissions trading. Compared with 2022, revenue in this area grew by 67%. European emissions trading revenue also grew by 12%, reaching 7.7 billion euros.“
Read the full article here (in German)
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