On Friday 16 June, the Member States’ ambassadors to the EU (Coreper I) gave their assent to the European Commission’s approval, on behalf of the EU, of the “Call to action for Paris aligned Carbon Markets”. This initiative, which is part of the results of the Summit for a New Global Financial Pact, was proposed by France as the organiser of this event, which is to be held in Paris on 22 and 23 June.
The appeal is deemed to be a non-binding instrument for political commitments,...