Germany’s Merkel backs carbon pricing at UN climate summit

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Germany’s outgoing Chancellor Angela Merkel backed carbon pricing as an effective tool for combatting climate change during her speech at a key UN summit on Monday. “The European Union already has this kind of pricing model for the industrial sector. Others, for example China, are introducing this now,” Merkel said of the policy, which places a levy on emissions of carbon dioxide in a bid to incentivize investment in clean energy. Merkel pushed for further discussion on the topic and for decisions to be made as the UN Climate Conference (COP26) got under way in Glasgow. At the invitation of th…

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