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Germany Eyes Energy Tax Overhaul to Help Slow Climate Crisis

Aug. 19, 2021, 4:14 PM

The German cabinet wants to use its 2022 budget to revamp energy subsidies and tax breaks in a bid to help curb the effects of climate change.

The parliament and federal council will draw on a subsidy policy report, published Wednesday, when preparing the final version of the budget. The cabinet is proposing a comprehensive reform of fees, surcharges, levies, and taxes in the energy system.

  • The government has already approved a preliminary 2022 budget, but a final version won’t be approved until after the Sept. 26 elections. Most parties are expected to support policies addressing the climate crisis. ...

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