Climate Changed
Germany Inc. Waits on Merkel’s CO2 Plan: Here’s What’s at Stake
- Power companies may benefit if government spurs demand
- Coalition divided on how to pay for $55 billion program
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Chancellor Angela Merkel is working on an investment package worth perhaps 50 billion euros ($55 billion) that aims to get German efforts to cut carbon emissions back on track.
Merkel’s Christian Democrats are trying to thrash out a common position with their coalition partners, the Social Democrats ahead of a cabinet meeting on Sept. 20. The outcome of those negotiations will have profound consequences for a range of companies from utilities to airlines as well as the chancellor’s increasingly controversial balanced budget.