Welcome to the 'Climate Club' for COP26

Welcome to the 'Climate Club' for COP26 - US 1st member?

15 July 2021 by Jeremy Wright

Climate

The European Commission has just introduced a set of 12 proposals—calling it “Fit for 55″, that is 55% emission reduction by 2030. Some policy analysts are suggesting this will create a “climate club“— essentially an exemption from the tariff for countries that adopt climate policies commensurate with the EU’s. The US would be the most likely first member. Also, this plan is likely to become a main point of contention at the COP26 climate summit in November—and will need to survive expected legal challenges in the World Trade Organization.

https://qz.com/2033448/what-the-eus-fit-for-55-climate-plans-mean-for-china-us-india/?utm_source=email&utm_medium=daily-brief&utm_content=74f811ce-e4e6-11eb-a1a8-6e421e4b1a6e

https://www.bloomberg.com/news/articles/2021-01-29/the-expensive-club-that-could-stop-global-warming

What do you think?

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Comments

IdeaSpies @ 2021.07.15 4:36 AM
Interesting that last month, European lawmakers set the bloc’s climate goals in stone, legally committing to reduce net greenhouse emissions 55% below 1990 levels by 2030, and to reach net zero by 2050. Now they’re agreeing on how to actually do that with these proposals and a possible Climate Club!

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