US EditionEU’s plan to buy foreign carbon cuts moves forward without impact study
3 Articles
3 Articles
dailyclimate.org
EHNEU’s plan to buy foreign carbon cuts moves forward without impact study
The European Commission proposed allowing limited use of foreign carbon credits to meet its 2040 climate target but admitted it had not assessed the economic or environmental effects of the policy.Karl Mathiesen and Zia Weise report for POLITICO.In short:The proposal would let the EU buy carbon redu...
The European Commission wants member states to achieve part of their climate goals by purchasing emission rights from poorer countries. The proposal is intended to contribute to the goal of reducing greenhouse gas emissions by 90 percent by 2040 compared to 1990 levels. However, according to a Politico revelation, an official analysis of the consequences is lacking. The Commission's climate department, DG CLIMA, confirms that there are no docume…
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