French President Macron says Europe needs significantly higher carbon price

PARIS (Reuters) - French President Emmanuel Macron said on Tuesday that Europe needed a significant minimum carbon price to boost investment in its energy transition, and a European carbon tax at the bloc's borders to guarantee fair competition for its companies.

Presenting a series of proposals to reform the 28-nation European Union, Macron said Europe had to give "the right price signal" for carbon emissions, and make them sufficiently high enough to attract investments.