GERMANY TO PROPOSE A GLOBAL CARBON PRICE AT G20 SUMMIT
In the wake of the 2015 Paris Climate Agreement, many countries are moving forward with plans to cut carbon emissions. One country, Germany, is preparing research that purports to show huge support among businesses for a transition towards a low-carbon economy. The German government plans to reveal this report, along with a plan to have a fixed carbon price, at the G20 Summit in July 2017. Germany believes that a carbon price is essential to both the goals of the Paris Agreement and the UN goal of sustainable development. Citing global investment patterns, Thorsten Herdan, Director of the German Federal Ministry for Economic Affairs and Energy, stated that since Paris the chances of getting a carbon price are higher than ever, despite resistance coming from the American government. For the full story, see http://www.bbc.com/news/science-environment-39290593.