India slashes corporate tax rate by 5% - Germany to spend €100bn on climate protection
The German government is proposing a climate protection package that will cost billions of euros. The country is wealthy, but there are already concerns over how to fund the measures.
Climate protection is high on the public agenda and EU finance ministers want to get in on the discussion. They have many ideas on carbon dioxide emissions pricing, but are yet to find an answer, reports Bernd Riegert.
Germany's finance minister said failure to secure a "convincing solution" may risk government stability. Chancellor Angela Merkel has called on the private sector to take up the "Herculean task" to combat climate change.
Seen by many as unambitious, Germany's 2030 climate plan, released the day of a global climate strike and now approved by the government, reflects past public ambivalence to climate action. But that is quickly changing.
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