How Will Germany Pay For Its €50bn Climate Plan?

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How Will Germany Pay For Its €50bn Climate Plan?
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On Friday, as climate strike protests raged across the world, Angela Merkel announced a €50 billion plan to fight climate change. She says it will be “budget neutral” - but many are sceptical.

German Chancellor Angela Merkel is pictured during the cabinet committee for climate protection on September 20, 2019 in BerlinAfter months of intense negotiations between the governing parties in Berlin, Germany on Friday announced a €50 billion package of measures designed to help the country meet its 2030 emissions reduction goals.across the world calling on more policy actions to fight climate change.

German environment minister Svenja Schulze, a member of the SPD, was ready with her defence."We would have wished for a higher CO₂ price, but it's a good compromise,” she said. "Something that impresses me as a scientist is when Greta Thunberg says 'unite behind the science’,” Merkel said. “We're not doing something ideological here, but something for which there is massive evidence and which we need to counteract." But she cautioned that it isn’t as easy for lawmakers to make these choices as man of the protesters seem to think. “What distinguishes politics from science and impatient young people is that politics is what's possible.

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