Worth 54 billion euros (60 billion dollars) until 2023, the reforms are designed to help Germany reach its target of reducing greenhouse gas emissions by 55% of 1990 levels by 2030. This comes after the government said it would fail to reach its 2020 goal of a 40% reduction.
Germany’s ambition to become a front-runner in the global fight against climate change will likely continue to suffer.
Protests similar to France's 'yellow vest' movement are unlikely as the proposals avoid pain for lower- and middle-income voters.
The proposed policies could put pressure on industrial firms to lower their heating and fuel costs.
Given the economic impact that ambitious climate policy could have on industry and consumers, reforms to the deal will likely be modest.
