Carbon credits, instruments that raise private-sector funding for decarbonisation projects, are subject to regulatory initiatives to ensure their quality and limit the risk of greenwashing. Their use to foster climate cooperation among countries is under discussion: it is on the agenda at the COP30 summit, in the context of efforts to create an international carbon credit trading mechanism. Carbon... Lire la suite
The single market is the world’s largest developed market, in which Member States enjoy close economic relations. The market has helped to promote innovation and ramp up productivity and GDP, as well as bring convergence within the European Union. The single market has not led to increased relative specialisation of EU Member States. In the period from 1984 to 2019, their goods’ export structures... Lire la suite
The EU plans to introduce a Carbon Border Adjustment Mechanism (CBAM) to tackle carbon leakage more effectively. This phenomenon corresponds to an increase in emissions in the rest of the world as a result of the implementation of more ambitious climate policies, such as carbon pricing, by some countries. A CBAM will enhance the effectiveness of European climate policies, and needs to address lega... Lire la suite