China, as a non-Annex I country, has no mandatory GHG emissions reduction target under the UN Framework Convention on Climate Change (UNFCCC). Now the biggest GHG emitter in the world, China is showing increasing willingness to bear a share of the global emissions reduction effort. In this context, its 12th five-year plan (FYP) was eagerly awaited: among other decisions, it considers establishing carbon markets.
This study reviews recent public funding directed towards the downstream of the forest-wood sector and assesses how it contributes to climate mitigation and adaptation. Its objective is to inform better targeting of public support in a context of tightening budget constraints.
Since 2005, the EU Emissions Trading System (EU ETS) has been a cornerstone of Europe’s climate policy. With the price per tonne of CO2 now beginning to stabilise at between €60 and €80, and the gradual reduction in free allowances, 2026’s review of the system should be an opportunity to reflect on and upgrade its performance as the EU continues towards climate neutrality.
Since 2005, the EU Emissions Trading System (EU ETS) has been a cornerstone of Europe’s climate policy. With the price per tonne of CO2 now beginning to stabilise at between €60 and €80, and the gradual reduction in free allowances, 2026’s review of the system should be an opportunity to reflect on and upgrade its performance as the EU continues towards climate neutrality.
