14 | Rethinking Net-Zero: Do international credits help or harm?

On March 31st, EU Climate Commissioner Wopke Hoekstra floated various ideas for how Europe’s expected 90% emission reduction target for 2040 could be achieved.

One of them: letting EU countries purchase United Nations Article 6 credits to meet EU's 2040 climate target. Similar suggestions are currently being proposed by the upcoming German government.

This would require undoing a core principle of Europe’s Climate Law: only European reductions and removals shall count towards climate neutrality.

The backlash has been significant, especially in civil society and environmental groups.

But could this - with some modifications - actually provide a smart path for Europe?

Links:
• Eve Tamme: LinkedIn (linkedin.com/in/evetamme) and Website (evetamme.com)
• Sebastian Manhart: LinkedIn (linkedin.com/in/sebastianmanhart) and Website (sebastianmanhart.com)
• Politico article on Commissioner Hoekstra’s comments (politico.eu/article/eu-exploring-weaker-2040-c…)

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