🌍✨ The EU might weaken its landmark climate law — the ‘most impactful’ in the world
Why we’re watching: The European Union’s cap-and-trade system has long been considered the gold standard for market-based emissions-reduction policies, and it’s influenced similar efforts from California to South Korea.
Since 2005, it’s helped reduce the EU’s industrial carbon emissions by about 50 percent, and a recent working paper called it the “most impactful climate policy in the world.” But a set of changes proposed earlier this month by the European Commissi… 💚
Wijnand Stoefs, EU policy lead for the European nonprofit Carbon Market Watch, likened the day of the proposals to Black Friday — and he wasn’t talking about the annual shopping event.
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- 📌 Key signal: The European Union’s cap-and-trade system has long been considered the gold standard for market-based emissions-reduction policies, and it’s influenced similar efforts from…
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Reporting curated for GreenTV. Original reporting via Grist.