Climate Changed

Merkel Seals $60 Billion Deal in New Attempt at Climate Targets

  • Plan puts a price on CO2 emissions for transport, heating
  • Merkel says it will push consumers to protect the environment
Merkel Coalition Reaches Landmark Plan to Cut Greenhouse Gases
Lock
This article is for subscribers only.

Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.

Germany has pledged a 54 billion euros ($60 billion) program to put its climate target back on track without abandoning its long-standing policy of zero deficit spending.