As part of its Fit for 55 package, the EU Commission has proposed the introduction of a CO2 limit offset for imports. Recently, the European Parliament's rapporteur presented his draft and called for some far-reaching changes. Environmentalists welcome the proposals, while the industry is shocked.
By Timo Landenberger
China is one of the biggest drivers of climate change. At the same time, the People's Republic is more severely affected by the impact of the climate crisis than other countries. It could face costs in the trillions over the next few decades if the global community does not intensify climate protection. This is shown in a new study by Tsinghua University.
By Nico Beckert
The European emissions trading system started back in 2005, but the establishment of comparable systems in other countries is important for achieving global climate targets. China plays a central role in this: According to the IEA, Chinese power plants accounted for more than half of coal-fired power plant emissions in 2021. In the medium term, the EU border adjustment mechanism (CBAM) is expected to make emissions more expensive worldwide – time for a look at the status of the Chinese ETS.
By Redaktion Table
China's emissions trading system enters its second calendar year. Virtually all participating power companies have met the requirements by the end of 2021. However, the system does not yet provide sufficient incentives for reducing emissions. But the entry into CO2 pricing has been achieved. The next step will be to include other industries – beyond the energy sector.
By Christiane Kuehl
The year 2021 was supposed to deliver a concrete Chinese climate policy with the COP conference. Nevertheless, the signals now seem contradictory. A lack of coordination between the various government agencies is to blame. Overall, however, the thumbs are pointing upward.
By Christiane Kuehl
After the climate conference in Glasgow, the Global South is in danger of no longer believing the promises of the industrialized countries on climate financing. This trust gap must be closed quickly, demands Susi Dennison of the European Council on Foreign Relations. She outlines ways in which the EU could meaningfully engage in the debate and explains the potential of green technologies.
By Redaktion Table
At the Environment Council, the responsible ministers and their representatives discussed the progress of the Fit for 55 package at the end of the year. One sticking point in the political exchange of views: the climate social fund. Some member states fear a massive social imbalance, especially in the event of an expansion of emissions trading, and are therefore pushing for greater financial support from Brussels. But where the money for this should come from is still an open point of contention.
By Lukas Knigge
