Woodburn warns of the risk of diluting the carbon market: It will penalize pioneering companies
The director of the European Office of the Cambridge Institute for Sustainable Leadership (CISL) defends the need to maintain the rules of one of the great pillars of the European sustainable industry and warns of the threat from China.
Ursula Woodburn, director of the European office of the Cambridge Institute for Sustainable Leadership (CISL), has warned that relaxing EU regulations on carbon emissions could lead to a loss of 90 billion euros in sustainable investments. The EU's Emissions Trading System (ETS) is currently under review, with concerns that China's growing dominance in sustainable technologies, including solar panels and electric vehicles, could undermine European industry.
Woodburn emphasized the need for a stable and predictable carbon price to maintain Europe's competitive advantage and called on business leaders to push for policies that support sustainable growth. She also highlighted Spain's potential for growth in renewable energy and electrification.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
