EU Climate Policy and CO₂ Market Reform: Towards a New Balance
Armands Gūtmanis, CEO and founder of Amber Advisory Latvia New Elements in European Climate Policy and CO₂ Market Reform: How Will Europe Balance Climate Targets and Industrial Competitiveness? Heated debates over whether European businesses and society can meet the emissions reduction targets already adopted are taking place not only in Latvia, but across the European Union. Unlike many other policy issues, the divide in this case does not run solely between groups of member
“Our climate goals remain unchanged, but the path to achieving them must be pragmatic and socially fair.” — Ursula von der Leyen, President of the European Commission
The President of the European Commission, in her letter to the prime ministers of EU member states, outlines a possible review of EU green policy instruments while reaffirming the Union’s long-term climate goals. The main emphasis is placed on balancing climate ambitions with economic competitiveness and social impact. What does this mean for Latvia? Discussions on the next phase of EU climate policy will directly affect Latvia’s energy sector, industry, transport, and agricu
2.3 Million Tonnes of CO₂: Latvia Must Urgently Introduce Support for Zero-Emission Freight Transport to Maintain Competitiveness
Freight road transport in Latvia is one of the largest sources of greenhouse gas emissions, and without a clear national strategy there is a risk of losing competitiveness and failing to meet the country’s emission reduction targets. A study by the association Sustainability Cluster reveals that the sector generates more than 2.3 million tonnes of CO₂ annually, and that Latvia still lacks a targeted policy to support the transition to modern, efficient, and environmentally f
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