The Covid-19 pandemic has had a significant impact on CO2 emissions, resulting in a decrease in Germany’s emissions. However, according to a study by Agora Energiewende, achieving the government’s long-term climate goals will require higher CO2 taxes. The study found that Germany exceeded its climate goals in 2020, with CO2 emissions 42.3% lower than in 1990. This was due to a combination of reduced energy consumption, high CO2 prices in the EU, and a mild winter. Additionally, wind power production surpassed coal power production for the first time in 2020.
Despite the positive news, experts warn that emissions are likely to increase again once the lockdown ends and the economy fully recovers. The study also found that renewable energy accounted for 46.2% of electricity production in 2020, with wind power being the largest contributor. However, this is still not enough to meet the government’s target of reducing CO2 emissions by 55% by 2030. The analysts predict that CO2 taxes will continue to rise to make coal power plants less economically attractive.
The study highlights the importance of renewable energy in achieving climate goals and the need for continued investment in wind and solar power. While the pandemic has had a positive impact on emissions, it is not a sustainable solution. Higher CO2 taxes may be necessary to incentivize companies to transition to renewable energy sources and reduce their carbon footprint. As the world continues to grapple with the effects of climate change, it is crucial to prioritize sustainable solutions and work towards a greener future.
