EU Is Out to Prove Saving the Planet Doesn’t Have to Hurt Growth
- Trade-off experiment in Europe will provide beacon for others
- Green transition needs to defy experience of economic history
Wind turbines at a wind farm during sunset in Nauen Brandenburg, Germany.
Photographer: Liesa Johannssen-Koppitz/BloombergThis article is for subscribers only.
The European Union’s push to banish carbon from its economy is offering the world a real-time experiment on whether such a shift is achievable without hurting short-term prosperity.
With the COP-26 conference concluding this weekend with some thwarted ambitions toward international action on curbing emissions, the bloc is forging ahead with a strategy cementing its role as the foremost global pioneer in turning green rhetoric into reality.