COP21 – The EU’s Second Chance

paris ballFor the European Union (EU), the efforts towards a global climate agreement are more than just a political priority. Climate change is the guiding theme for many policies and early on the EU had the ambition to be the global leader in the fight against climate change. Consequently, the EU has introduced many far-reaching measures which, on the one hand, successfully reduced carbon emissions and created an environment in which renewable energy could prosper, but inadvertently led to increasing costs and burdens for Europe’s own industry. European leaders and businesses hope that a successful climate agreement at COP21 could level the playing field and dissuade European companies from investing in other regions. In this Energy Flash, we examine how the EU has been preparing for the climate summit and explore the positions of a number of key Member States, including France, Germany, the UK and Poland.

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