EU may allow carbon credits from developing countries to count towards climate goals
Guardian22 hrs
Report: EU to Add Carbon Credits for 2040 Climate Target
Above: A low-angle view of a forest with a CO2 reduction icon. Image copyright: Unsplash
The Spin
Narrative A
Carbon credits offer a cost-effective means of meeting climate goals while channeling crucial financing to developing nations for emissions-reducing projects. The planet doesn't care where emissions are removed from the air, and these credits help fund vital forest restoration and clean energy projects in countries that need investment most.
Narrative B
Allowing international offsets undermines the EU's climate leadership and domestic ambition when the bloc could demonstrably achieve deeper cuts at home. This approach risks slowing real emissions reductions within Europe and sets a dangerous precedent for other major emitters to avoid the hard work of decarbonization.