Policy Article
Climate Policies Require a Long Breath
- Impatience about the duration of the present corona lockdown indicates a fundamental problem for (long-term) environmental concerns.
- Committing to long-term stringent emission reduction targets including the overarching target of the European Green Deal to reach net zero emissions by 2050 is decisive.
- Overloading a post-Corona stimulus or recovery package with too many (emission-related) conditions could prevent a timely recovery. What is more important are strong carbon price signals to steer demand and investment taking place during the recovery process.
- Existing or planned climate policies which provide incentives for emission reductions and technological innovation should remain in place and not be postponed or even weakened to foster any (short-term) recovery.
- This applies in particular for the announced introduction of carbon prices in the German heat and transport sector and the planned extensions of the EU emissions trading scheme.
- Confining potential stimulus and recovery measures to their proper purpose does not mean imposing a ban on meaningful (climate or environmental) policies that are not associated with the corona crisis.
