Urgent.News

What's breaking now, across thousands of outlets.

Business

Energy supply: This is how the electricity tax could decrease despite tense budget situation - for all consumers

The relief package announced by the Federal Chancellor is at risk of failing due to empty coffers. Thinktank Epico sees a way to implement it nevertheless.

Translated from German Read in German

Energy supply: This is how the electricity tax could decrease despite tense budget situation - for all consumers

German Chancellor Friedrich Merz's announcement to lower the electricity tax for all consumers was met with skepticism by Finance Minister Lars Klingbeil, who stated that it must be financially feasible. The think tank Epico proposes using funds from the European Investment Bank (EIB) to finance climate investments, which could create room in the federal budget for a tax cut.

The EIB has set aside three to six billion euros for this purpose, known as "Frontloading," which involves using future revenues from carbon pricing in the transportation and building sectors. Epico's Bernd Weber suggests that Germany could use these funds to lower the electricity tax, which would require a detour in the financing process.

Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in Business

QSE index opens 1.16% Lower

<p>Doha, Qatar: The Qatar Stock Exchange (QSE) Index opened Sunday's trading session down 102.45 points, or 1.16%, to 8,707 points, weighed by losses across five sectors.</p> <p>QSE data showed a…

More from Sunday 18 October →