Green Daily

Debate Over Europe’s Carbon Market Heats Up

Also: Tom Steyer on his run for California governor and plan to lower energy prices

Solar panels at a EDP SA solar farm in Avila, Spain, on Tuesday, July 1, 2025. Big technology companies are driving demand for electricity produced by renewable projects as the firms invest in artificial intelligence and data centers, according to EDP SA, a developer of wind farms and solar energy projects in the US and Europe.Photographer: Emilio Parra Doiztua/Bloomberg

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By John Ainger, Brian Kahn, and Zahra Hirji

February 26, 2026 at 1:49 PM UTC

The European Union managed to rally 27 nations behind the world’s most ambitious plan to zero out carbon pollution. Now that consensus is fraying.

Today’s newsletter looks at the heated arguments within the EU over its strict emissions trading system and what lies ahead. Also, billionaire Tom Steyer stopped by Bloomberg’s San Francisco office to talk about his gubernatorial run and his plan to lower California energy prices.