Germany adopts the Climate Action Law including levies on air and road travel

11 October 2019: The German government cabinet has adopted its first Climate Action Law, including a CO2 price for transport and buildings and a slew of incentives and regulatory actions such as efficiency standards. The package still has to be translated into law by the federal parliament but the S&P Global Ratings agency has responded immediately to the intended levies on air and road travel by bumping up the credit rating of Deutsche Bahn (DB), a nationally-owned company which owns and manages Germany’s rail network. As a result, DB will now be able to access cheaper credit; read more on the Climate Home News and the Clean Energy Wire.