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27 April 2021

Opinion on carbon pricing by the Franco-German Council of economic experts

The Franco-German Council of economic experts was established as a permanent bilateral body by Germany and France on the basis of the Aachen Treaty. It is independent and aims to make policy recommendations on economic policy issues of common interest. The Council has prepared an opinion on “pricing of carbon in and at the border of Europe”.

The scientists promote a uniform CO2 pricing in the EU as a central guiding climate protection instrument across all sectors. The authors see the danger of trade policy distortions with the classic border adjustment. Therefore, border adjustment should only be introduced once the EU has established a uniform CO2 price across all sectors. The goal should be a global alliance with other countries on CO2 pricing.

The statements of the Franco-German Council of economic experts are each to be understood as independent contributions to the debate. They do not reflect the position of the Federal Ministry of Finance or the German government.