EU’s new climate target lines up multibillion-dollar boost for carbon markets

Analysts estimate the EU will buy at least 50 billion euros worth of carbon credits in the 2030s to help meet its emissions-cutting goals, giving a huge boost to the market in offsets
Wopke Hoekstra, European Commissioner for Climate, Net Zero and Clean Growth and Lars Aagard, Denmark's Minister for Climate, Energy and Utilities, at a meeting of the EU Council where the bloc's new climate targets were agreed. Photo: European Union

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