The discourse on climate policy to achieve internationally agreed climate targets in Germany is often narrowed down to the instrument of CO2 pricing. A price for the emission of climate-damaging carbon dioxide is an essential building block for achieving the long-term decarbonisation of all sectors.
However, the current study by DIW Econ with Prof. Dr Claudia Kemfert, Head of the Department of Energy, Transport and Environment at DIW, commissioned by Greenpeace, shows that a price on CO2 by itself is by far not sufficient to achieve Germany’s agreed climate goals. This can only be achieved with the help of a policy mix of CO2 pricing and complementary regulatory instruments and measures.
On behalf of Greenpeace, DIW Econ GmbH, together with the German Institute for Economic Research (DIW Berlin) and the Forum Ökologisch-Soziale Marktwirtschaft (FÖS), has for the first time calculated the employment and climate protection effects of selected green economic stimulus packages. For this purpose, nine packages of measures for a climate-oriented economic stimulus package in the energy, transport, buildings, industry and land-use sectors were compiled from a total of 285 collected proposals for economic stimulus measures: The nine-point plan. The packages of measures contained in this plan allow both short-term employment effects and a medium and long-term resilient, climate-friendly economy.ise.