Germany reaches 100b euro deal | The Daily Star
12:00 AM, September 21, 2019 / LAST MODIFIED: 02:51 AM, September 21, 2019

Climate plan

Germany reaches 100b euro deal

Chancellor Angela Merkel’s government reached a deal yesterday on a broad climate plan for Germany that commits at least 100 billion euros by 2030 to environmental protection, as tens of thousands of protesters rallied demanding action.

After marathon overnight talks dragging more than 18 hours, the coalition sealed a deal which covers a slew of measures from tackling emissions in the energy and industrial sectors, to incentives for zero-emission electric vehicles or public transport.

Under the plan, flight prices will go up while train tickets will get cheaper. Some 86 billion euros ($94 billion) will be ploughed into railway infrastructure, and funding will be provided to test innovative ways to incite more people to use public transport such as 365-euro annual tickets.

The government said the investment would not affect its plans to keep the budget balanced, but that it would help to “support the economy”.

The EU’s biggest economy is set to miss climate targets for next year but has committed itself to meeting the 2030 goal of a 55-percent cut in greenhouse gas emissions from 1990 levels.

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