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Germany earns record 13 billion euros from carbon pricing

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Europe’s carbon market and national scheme for heating and transport brought Germany a record 13.2 billion euros in 2022, the Federal Environment Agency (UBA) said on Tuesday.

Germany generated 6.8 billion euros with European emissions trading in the energy and industry sectors, up 28% on its previous record intake in 2021 due to the rising cost of emissions allowances. EUAs averaged a price of 80.32/t euro last year, compared to 52.50/t euro in 2021, the UBA said.

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