Emissions mitigation policies in the EU and neighbouring countries
The EU has been a leader in introducing sophisticated policy instruments that help with decarbonization in an economically efficient manner. The evolution of its emissions trading system, ETS, applied uniformly among all member states, is perhaps an example of the biggest experiment, globally, with a decarbonization policy. The EU’s partner countries, that are deeply integrated in economic relations with it, are expected to be affected by its rapid decarbonization towards net zero by 2050.
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