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Environment

German government and states agree to carbon price of 25 euros in 2021: sources

BERLIN (Reuters) - The German government and states have agreed to a carbon price of 25 euros ($27.56) per tonne in 2021 that will then increase annually and hit 55 euros in 2025, sources said on Monday.

In November, the lower house of parliament approved a major climate protection package to help Germany meet its 2030 target for reducing greenhouse gas emissions. An initial price of 10 euros a tonne for carbon dioxide emissions from heating and transport, was criticized by the opposition Greens as too low.

Reporting by Holger Hansen; Writing by Michelle Martin; Editing by Joseph Nasr

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