German think tank calls for 'climate tariffs' in response to US sanctions on Nord Stream 2
A German think tank says the EU should fight back against US sanctions related to the Nord Stream 2 gas pipeline. Washington's threats have already caused construction firms to drop out of the project.
The EU should enact "climate tariffs" against the US in response to sanctions against the bloc for the construction of the deep sea gas pipeline Nord Stream 2, according to an economist at the German Institute for Economic Research (DIW).
Climate tariffs are necessary to prevent gas extracted through fracking, an ecologically harmful process, from being exported from the US to Germany and the EU, environmental economist Claudia Kemfert told Germany's Handelsblatt newspaper on Monday.
Kemfert, who leads the energy, transportation and environment department at DIW, characterized US sanctions against the EU as an "aggressive instrument in a fossil energy war." Both Russia and the US are using natural gas as a "political weapon," she said, adding that the intention behind the sanctions is to sell US gas to Germany and the EU at the highest possible cost.
https://www.dw.com/en/german-think-tank-calls-for-climate-tariffs-in-response-to-us-sanctions-on-nord-stream-2/a-51777853