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Sustainable Business

Global carbon pricing system would be desirable, Merkel says

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German Chancellor Angela Merkel attends a virtual event as part of the 12th Petersberg Climate Dialogue conference in Berlin, Germany May 6, 2021. Filip Singer/Pool via REUTERS

It would be very desirable to have a global carbon pricing system, German Chancellor Angela Merkel said on Thursday, adding that carbon pricing is a very effective instrument for steering emissions.

"From my point of view, it would be very desirable if we also had a CO2 price worldwide, which would have to be introduced step by step," Merkel told the Petersberg Climate Dialogue climate summit by videolink.

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