Consumers not sufficiently prepared for cost increases from EU carbon price – env agency

Significant parts of the population in Germany are not sufficiently prepared for the expected cost increases in fossil heating and mobility due to carbon pricing, said Dirk Messner, president of the Federal Environment Agency (UBA), in an article by news agency dts. This meant that consumers are set to fail to take rising CO2 costs into account when making investment decisions, for example when replacing old heating systems or cars. Messner called for social cushioning in the form of "income-dependent subsidies, low-interest loans and targeted support programs" for tenants and owners.