Why Germany wants an emission-cutters fast lane
Author: Frank Jordans
The world's biggest emitter of greenhouse gas isn't likely to join straightaway. But if it wants to export its wares to the rest of the world without having climate tariffs slapped on them, it may have to join. Expect Beijing to be sharply critical of the idea, just as it has been of the EU's planned “carbon border adjustment mechanism” - which also entails tariffs for polluters who don't play by the bloc's rules. China has tried to rally other emerging economies such as South Africa and Indonesia in opposition to the plan. That's one reason why Scholz has invited both of those countries attend the G-7 as guests, and made clear that the climate club is open to all. Johan Rockstrom, director of the Potsdam Institute for Climate Impact Research, thinks it's worth a try given that existing measures aren't delivering the emissions cuts required to meet the Paris accord's target for limiting global warming.