China and EU Simultaneously Strengthen Climate Policy Architecture
China announced a 17% carbon intensity reduction target for 2026-30 while transitioning to dual control of total emissions and intensity. Simultaneously, the EU proposed halting carbon allowance invalidation to stabilize the ETS market amid energy volatility.
Coordinated policy strengthening by the world's largest carbon markets suggests institutional resilience despite energy security pressures elsewhere.
carbon markets
china climate policy
eu ets
emissions trading