Europe needs to account for the emissions of imported goods. That cannot happen without the international agreement on standards and certification systems for the carbon intensity of all steps in the value chain for all relevant products. Dolf Gielen and Francisco Boshell at IRENA and Massamba Thioye at the UNFCCC explain that several such systems exist around the world, but they need to be harmonised and widely adopted to truly reflect what is … [Read more...]
EU’s Carbon Border Adjustment Mechanism lacks the detail to drive industry’s relocation near clean energy
High emissions industries should be relocated to where the cheap clean energy is. So long as the shipping costs (in terms of price and emissions) aren’t prohibitively high, those locations can be anywhere in the world. To get the calculations right, Carbon Border Adjustment Mechanisms (accounting for the emissions of imported goods) must be harmonised internationally. They must also – crucially – count all relevant emissions. But the EU’s draft … [Read more...]
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