Rethinking Net-Zero: Do international credits help or harm?
On March 31st, EU Climate Commissioner Wopke Hoekstra floated various ideas for how Europe’s expected 90% emission reduction target for 2040 could be achieved.One of them: letting EU countries purchase United Nations Article 6 credits to meet EU's 2040 climate target. Similar suggestions are currently being proposed by the upcoming German government.This would require undoing a core principle of Europe’s Climate Law: only European reductions and removals shall count towards climate neutrality.The backlash has been significant, especially in civil society and environmental groups.But could this - with some modifications - actually provide a smart path for Europe?Links:Eve Tamme: LinkedIn and WebsiteSebastian Manhart: LinkedIn and WebsitePolitico article on Commissioner Hoekstra’s comments Hosted on Acast. See acast.com/privacy for more information.