Options for EU Trade Policy to enhance Climate Action

Delivering sustainable economic growth
Posted Oct 25, 2019 | German Institute for International and Security Affairs, Susanne Dröge, Karsten Neuhoff et al

Climate action will increasingly affect all sectors of the economy by rapidly extending from the energy sector to mobility, industry, buildings, infrastructure, and finance. Against the background of a general economic imperative to engage in low-carbon industrial transformation, and the need to position Europe’s industry competitively for the future, this Working Paper by the German Institute for International and Security Affairs explores how the EU can build on its leadership role and offer solutions for GHG reductions and underpin growth in future industries. Susanne Dröge, Karsten Neuhoff et al suggest that the European Commission should investigate the economic, legal, and administrative viability and implementation timeline of carbon price adjustments at the border, and the possibility of extending the EU Emissions Trading System (ETS) to enhance the EU’s global role.



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