Publication date: June 20, 2024
EU Study Identifies Germany and Italy as Climate Laggards, Facing Potential High Carbon Credit Costs

EU Study Identifies Germany and Italy as Climate Laggards, Facing Potential High Carbon Credit Costs

A recent study highlights Germany and Italy as major climate laggards in Europe, potentially necessitating substantial expenditures on carbon credits.

Climate

A study conducted in Europe has shed light on the concerning climate performance of Germany and Italy, labeling them as the biggest climate laggards in the region. The study suggests that to align with EU regulations, these countries might need to invest billions of euros in carbon credits to meet their environmental commitments. The European Union's 2030 climate goals could be at risk due to the identified laggard status of Germany and Italy, posing challenges in achieving necessary emission reductions.