Climate Politics
EU and Canada to Form ‘Green Alliance’ to Speed Up Transition
- Two sides will pledge ties on energy shift later this month
- EU to bolster push to roll out carbon markets globally
European Union and Canada will collaborate on rolling out renewable hydrogen.
Photographer: Angel Garcia/BloombergThis article is for subscribers only.
The European Union and Canada will pledge greater ties when it comes to accelerating the shift to renewables and rolling out carbon markets globally.
The two sides will form a “Green Alliance” at a summit in Canada at the end of this month, according to a draft document seen by Bloomberg News. Ottawa will sign up to a pledge to triple renewables capacity and double energy efficiency by the end of the decade, while Brussels will join the “Global Carbon Pricing Challenge” — an effort to get an explicit carbon dioxide price on 60% of the world’s emissions over the same time frame.