The burden of emissions reductions imposed by the EU carbon market has fallen mostly on the power sector, but, as emissions targets deepen, this will have to change. Are Europe’s industrial emitters ready?
EU 2030 target
In 2020, net-zero pledges fell thick and fast from policymakers and businesses alike. In 2021, those ambitious words need to be turned into concrete actions.
In order to overcome a last-minute veto threat by Poland, EU leaders agreed last week to consider new rules for the EU ETS and the just transition fund, leaving climate campaigners concerned.
As MEPs and governments thrash out the details of the Just Transition Fund, it is important they ensure the fund helps deliver on the target of a 55% cut in emissions by 2030.
A Biden victory would be a relief for climate campaigners worldwide. But would it be a game changer for global efforts?