News

EU tries to stop fossil fuel companies suing states over climate action
Brussels’ proposed green reforms to the Energy Charter Treaty face resistance from Japan, yet do not go far enough for environmental campaigners. The EU is trying to remove fossil fuels

Current EU plans for farming subsidies would not benefit climate – NGO
If the European Union doesn’t include stricter rules for climate-friendly farming in its main subsidy scheme (CAP), the farming sector will not achieve any emission reductions in the next ten

Border Adjustment Is a Tax Policy (Niskanen Center)
Trade policies and carbon emissions are certainly linked. A study by Joseph Shapiro at the University of California, Berkeley finds that global import tariffs and non-tariff barriers (NTBs) are significantly lower on dirty

EU farming subsidies deal criticized as insufficiently green (The Irish Times)
Environmental groups urge greater protections for biodiversity and pesticide curbs. The future of agricultural subsidies in the European Union is the subject of crunch debates this week, with an alliance of political
Peru and Switzerland sign ‘world’s first’ carbon offset deal under the Paris Agreement (Climate Change News)
In an agreement that took two years to negotiate, Peru will get finance for sustainable development projects while Switzerland takes credit for the emissions cuts. Switzerland has struck a carbon offsetting agreement

Towards a WTO-compatible EU Carbon Border Adjustment Mechanism (European Parliament)
The introduction of a WTO-compatible carbon border adjustment mechanism (CBAM) is touted as a key element of the European Green Deal. It will serve to ensure that, as the EU
WTO deal on fishing subsidies could transform global seafood trade (SeafoodSource)
China’s distant-water fishing industry has “glorious achievements” to be proud of, according to the head of the state-sponsored lobby group representing the sector. Speaking at the China International Fishery Cooperation

The Green+ Gilt: How the UK could issue sovereign bonds that deliver climate action (LSE Grantham Research Institute)
The UK has a proud tradition of leadership in climate action and global finance. The urgent need to rebuild the economy in response to the COVID-19 pandemic provides the government

Carbon Pricing Experts Tell U.K. a Market Is Better Than a Tax (Bloomberg)
A carbon market linked with the European Union would be a more effective method of reducing pollution in the U.K. after Brexit than an emissions tax, experts on emissions pricing