News
In both China and the EU, emissions trading (ETS) is an important component of climate policy. After several years of "labor pains", trading of CO2 allowances is now established within the European Union. Now, the People's Republic has followed suit and also launched its trading scheme. But it differs significantly from the European ETS. Is there a chance to merge both systems in the future?
By Redaktion Table
The EU is getting serious about the Green Deal. The CO2 border adjustment and the expansion of emissions trading, both part of the "Fit for 55" package, are intended to help achieve Brussels' climate goals. Above all, the border adjustment for CO2 emissions will have consequences for the People's Republic of China. Critics from the European metal and aluminium industry are already certain: the People's Republic will find a way around the border adjustment.
By Amelie Richter