The global climate conference in Glasgow ended without sufficiently ambitious announcements for Nationally Determined Contributions by the EU’s largest trading partners. "What we saw", Markus J. Beyrer said, "is a lack of national pledges by the EU’s largest trading partners. While we see some progress on long-term ambitions, we’re concerned by the lack of their 2030 targets, which would have made the international ambition level more comparable to that of the EU. The EU will have to maintain a strong carbon leakage regime in the face of a persistent ambition gap. Negotiations on 2030 goals are to be continued next year at ministerial level and we hope for more commitment there. A positive result is that we finally have a framework on cooperative approaches under Art. 6. Now this framework needs to be rapidly put on track by all parties to allow countries and the private sector to invest in emission reductions wherever they can be achieved the easiest. The business community will be a key partner in the implementation of the agreement." - Read more