Europe Redraws the Carbon Market. What the Revised Climate Law Means for Global Business
The EU’s revised Climate Law introduces a landmark shift in carbon markets, allowing limited use of international Article 6 credits within its 2040 emissions target. This move signals a transition from voluntary offsetting to regulated demand, reshaping global carbon finance and creating new strategic implications for businesses, governments, and investors worldwide.
“While directly serving their customers, companies should indirectly serve the interests of society by taking responsibility for the holistic impact of their activities. Its simply a more broad view of value creation. This is what ESG is all about.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth