The value of European fossil infrastructure protected by the Energy Charter Treaty is almost €345 billion, says research by Nico Schmidt and Oliver Moldenhauer at Investigate Europe. Lawsuits, allowed by the treaty, are likely to prevent states from adopting ambitious climate policies.
Emissions are not for free in Europe. As a carbon trade system, the European Union’s Trade Scheme (ETS) sets an annual cap and a price. Wijnand Stoefs, policy officer at Carbon Market Watch, says it should become “a more ambitious tool”.
In this exclusive interview, the author of Capital in the Twenty-first century revisits one of the main combats led by the T-Dem think tank to reform the functioning of the European Union and make it more equal and democratic.
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