The Chinese Emissions Trading System still has numerous shortcomings and is not an effective climate protection instrument. Beijing wants to tighten it up – but it remains questionable just how much. This has trade policy consequences for Europe, especially after the introduction of the Carbon Border Adjustment Mechanism.
By Lukas Knigge
German Minister for Economic Affairs Habeck and his French counterpart Le Maire discussed possible ways out of the IRA subsidy dispute with the US government in Washington. They offered closer cooperation on green tech and supply chains. The USA wavers between protectionism and dependence.
By Bernhard Pötter
