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Merkel favours expanding emissions trading at EU level

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BERLIN (Reuters) - German Chancellor Angela Merkel said on Wednesday that she favoured expanding the system of carbon emissions trading at EU level.

“The (European Commission) president - and that is touched on in the Green Deal - says the Commission is thinking about expanding emissions trading and I have already told her that I would really support that because I think it would be better if we had an EU-wide trading system, including for transport and buildings,” she told the Bundestag lower house of parliament.

A committee mediating between the upper and lower houses of parliament in Germany has agreed on a carbon dioxide emissions price of 25 euros per tonne from 2021 onwards for transport and heating, a source familiar with the matter told Reuters on Wednesday.

Reporting by Michelle Martin; Editing by Madeline Chambers