High level outcome of various recent agreements by EU on #climate: ETS, ETS2, CBAM, removals, shipping, aviation, municipal waste, carbon removals, CCS, CCUSE etc #ambition #flexibility #FitFor55.
Lacking is still making use of global carbon market to increase ambition further, while limiting cost. That potential is given in Art 6 of the Paris Agreement (International Transferred Mitigation Outcomes: ITMOs), see also here. “Nations develop strategies for a smart use of the global carbon market to help meet Paris goals”.
