Factsheet: Greening of transport Act ÖkoG 2007

Greening of transport Act ÖkoG 2007

Key Information
Full name of Instrument & Measure (English): 
Greening of transport Act
Full name of Instrument & Measure (native language): 
Ökologisierungsgesetz 2007 / ÖkoG 2007
Description: 
This basic directive introduces ecology concerns into the taxation of new cars. The buyer of a new car has to pay a duty on consumption (The NOVA Normverbrauchsabgabe) This duty has been made suitable to ecology concerns and is now in accordance to the greenhouse gas emissions. It provides benefits to environmental friendly engines.
Goal/Aim: 
reduce greenhouse gas emissions of new cars
Responsible Authority: 
Federal Ministry of Finance / Bundesministerium für Finanzen

Status:

Year Instrument & Measure Started: 
2007