The EU ETS has just been reformed, so can we sit back and watch it work? Unfortunately, not. The time of cheap greenhouse gas emission reductions is over.
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Based on my experience from the first week, I would say that a few clear themes have emerged from the talks: finance, the role of non-state actors, an enhanced focus on industry, partnerships and collaboration, a socially just transition, as well as moving from ambition to action.
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I’m on my way to Sacramento, the capital of California. The grass is brown and the air is yellowish and hazy due to fires. In a week from now the fires will spread rapidly, consume homes and vineyards in the wine districts north of San Francisco and kill more than 20 people. The fires fuel the debate of climate change and strengthen the engagement from people and politicians in California. One may think that with Trump as United States’ president climate action has halted in the US. But not here in California.
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