By P Gosselin
Germany’s CO2 tax is set to increase from the current 45 euros a tonne to 55 euros at the turn of 2025…
This will drive up heating and energy costs consumers and businesses.
Hat-tip: Blackout News
The hefty rise means the tax on CO2 will almost double in just 2 years. In 2023, the carbon tax was 30 euros a tonne.
But it doesn’t stop there, reports Blackout News. The CO2 tax gets taxed by the value added tax, which is currently 19 percent.
“Households and businesses that rely on petrol, diesel, heating oil or natural gas are facing growing financial challenges, writes Blackout News. “A liter of petrol will be 4.3 cents more expensive due to the CO2 tax, diesel will rise by 4.7 cents per liter. Heating costs will also rise dramatically. A kilowatt hour of gas will become a further 0.21 cents more expensive, which means a total increase of 1.21 cents compared to the time before the CO2 tax. Heating oil costs 17.5 cents more per liter – an increase that affects many households.”
The sharp increases will certainly bode ill for the current SPD-Greens-FDP coalition government – which undergoes a vote of no confidence later this month in Parliament. A no-confidence vote will lead to the dissolution of parliament and thus a new election within 60 days of the vote.
The pain at the gas pumps and from higher utility bills will make the current coalition government partners even more unpopular. But whether a new government led by Friedrich Merz (CDU) will change anything remains highly doubtful. Only the opposition AfD party has staunchly opposed the CO2 tax. Currently Merz’s CDU party is well ahead in the polls.
65 euros per tonne in 2026
The CO2 tax is set to rise to 65 euros a tonne in 2026, making the energy cost gap between Germany and other countries potentially unsustainable. Already there’s a growing dissatisfaction among German citizens and businesses as energy prices skyrocket into the stratosphere. Meanwhile the Trump administration as signaled a strong interest in making energy affordable again in USA.
Who’s profiting from the CO2 tax? The government.
According to Blackout News: “More than 18 billion euros flowed into the coffers, including 10.7 billion euros from national emissions trading for heat and transport. Compared to 2022, revenue in this area increased by 67 percent. Revenue from European emissions trading also increased by 12% to €7.7 billion.”
Read entire article here (German):
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FDP is out.
The 3 party coalition is dead. Only SPD and Greens, with CDU, the “opposition” as assistent (!), are now that’s what’s called our “Gouvernement”.
So, partly out of morbid curiosity, what did the German government do with the 18 billion Euros that flowed into the coffers? Something smart or something stupid?
No need of that question, b’cause the answer is obvious, sth. stupid, as allways 😀 They are unable to do smart things.
They even don’t know what smart things are.
They wasted it, of course.
I’m surprised that of the 70,000 COP29 attendees, only just over 300 were sent by Germany.
Paid it out to their cronies in true Mussolini-economic-model style, Government in bed with Big Business for mutual gratification.
Another election like UK when electorate will jump from burning building into lava pool, by switching to the opposite side of uni-party (Although an opposite switch). Merz will continue carbon taxes but will also, judging by his rhetoric, attempt a repeat of Operation Barbarossa. And how did that work out for Germany?
“ like UK when electorate will jump”
It’s worth repeating the truth of the matter. Only 60% turned out to vote. Although Starlin appears to have won big, he hasn’t. He has 20% of the possible vote and 33% of those who voted. Big majority eh.
Boris Johnson totally trounced Jeremy Corbyn’s Labour party and Jeremy Corbyn’s Labour got over three million votes more than Starlin could manage. You get the idea?
Nobody wanted any of them, really.
They will be a one term government but as to what will happen in 2029 – assuming they do not collapse due to a financial crisis before then – is anyone’s guess at the moment.
It’s difficult to know who is [currently] the more fnucked up, but it’s the usual suspects every time; UK, Germany, Australia, Canada, even California.
“”The Guardian view on Cop29: poor-world discontent over a failure of rich countries to deliver
Editorial””
https://www.theguardian.com/commentisfree/2024/nov/24/the-guardian-view-on-cop29-poor-world-discontent-over-a-failure-of-rich-countries-to-deliver
To deliver what? A German banker told us:
“But one must say clearly that we redistribute de facto the world’s wealth by climate policy … One has to free oneself from the illusion that international climate policy is environmental policy any more.” — Ottmar Edenhofer, Co-chair of IPCC WG III, New American, Nov. 19, 2010
There are two wildcards in my opinion and they come from the left and the right: AfD and BSW (Sahra Wagenknecht Alliance)
A pincer movement, how Prussian!
At the time of the citation he was head of the German PIK as far as I remember.
The German banker assumes there will be wealth to redistribute. At the current rate it will be poverty that gets spread.
They need Naomi Seibt as their Chancellor of Germany !
A world gone mad.
Hmmm…. Maybe WWIII is not such a bad solution after all. Have to mull that over for a while.
No US National debt has not reached critical mass yet. When it does, expect them to pull the trigger to write it off while Europeans kill each other.
Germany is the birth place of all the evil Enviro-Eco lunacy and its people avid supporters. Their cancer spread through Europe via the Fourth Reich (aka EU) and across the waves to the USA.
So its getting tough for them – I’ve just checked my Sympathiometer, but nothing’s registering.
Paying attention, America? This is how the war on CO2 destroys one of the best economies in the world in less than a generation.
We do not have a climate problem or a science problem our problems are purely political, exclusively caused by government. It couldn’t be more clear.