A study revealed that global trade represented 35% of the European Union's carbon footprint in 2023. This significant proportion demonstrates the importance of international supply chains in greenhouse gas emissions associated with the EU.
A recent report argues that international cooperation and the adoption of common climate standards may be more effective than border carbon adjustments in Europe. The document highlights that multilateral collaboration offers a more productive approach to reducing trade-related emissions.
The study particularly emphasizes the importance of establishing shared climate standards with China, one of the EU's main trading partners. This cooperation could enable more significant emissions reductions than protectionist measures implemented unilaterally at European borders.
