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 paper examines how the Commission should use that freedom to design better grants for breakthrough cleantech projects.
Rarely does Europe get the chance to take a step back and reimagine its cleantech financing toolbox.
In the recent State of the Union speech, Ursula von der Leyen reiterated the need to stay on course towards Europe’s climate targets. In the coming months, the negotiations on EU’s Emission Trading System and the new framework for resilience and risk assessment will reveal the political and industrial forces at play, and if Member […]
