Traffic light plans - Bundestag approves higher CO2 price for refueling and heating from 2024
The Bundestag has raised the CO2 price that applies to fuel, gas and heating oil. Parliament decided that from January, 45 euros per ton of CO2 emitted will be payable. Currently it is 30 euros. The Bundestag thus implemented the first part of the traffic light government's major budget package.
CO2 price should actually only rise to 40 euros
Due to the high energy prices at the turn of the year, the traffic light government actually only wanted to increase the CO2 price to 40 euros. However, following the budget ruling, the government is now returning to the steeper path that the grand coalition had already laid down years ago.
The revenue from the CO2 price will flow into the Climate and Transformation Fund, which will be used to finance projects for climate protection, among other things.
These costs will be incurred by consumers
Consumers must now expect fuel, oil and gas prices to rise. According to the ADAC, the price of a liter of petrol could rise by around 4.3 cents at the turn of the year. Diesel drivers should expect an increase of around 4.7 cents. According to calculations by the comparison portal Verivox, gas will increase in price by 0.39 cents per kilowatt hour and heating oil by 4.8 cents per liter. A typical family with a heating requirement of 20,000 kilowatt hours would have additional annual costs of 78 euros for gas and 96 euros for oil heating.
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The traffic light coalition's decision to raise the CO2 price for refueling and heating from 2024 is part of their broader traffic light plans, aimed at reducing carbon dioxide emissions. This increased price is expected to impact the cost of fuel, gas, and heating oil for consumers. For instance, a liter of gasoline might rise by around 4.3 cents.
The Bundestag's move to raise the CO2 price could have significant implications for the climate. The revenue generated from this price increase will be allocated to the Climate and Transformation Fund, which will fund various climate protection projects.
Despite the traffic light government initially wanting to increase the CO2 price to only 40 euros due to high energy prices, they ultimately agreed to a higher price of 45 euros, following the budget ruling. This decision could further influence the heating costs for households, with a typical family potentially facing additional annual costs of 78 euros for gas and 96 euros for oil heating.
Source: www.stern.de
