The set of laws, regulations, strategies, and actions adopted by governments, which affect a country’s (or a group of countries’) foreign trade.
COMMUNICATION
Glossary
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The set of laws, regulations, strategies, and actions adopted by governments that explicitly guide, oppose, or control the transformation of the structure of economic activity in pursuit of some public goal.
The EU ETS is a carbon emission trading scheme that requires polluters to pay for their greenhouse gas (GHG) emissions. Launched in 2005, it is the world’s first carbon market and among the largest ones globally. It helps bring overall EU emissions down while generating revenues to finance the green transition. It covers emissions from the electricity and heat generation, industrial manufacturing and aviation sectors - which account for roughly 40% of total GHG emissions in the EU. It started covering emissions from maritime transport in 2024. It operates in all EU countries plus Iceland, Liechtenstein and Norway, and is linked to the Swiss ETS (since 2020).
The laws, regulations, strategies and actions taken by governments, organizations, and other entities to minimize anthropogenic greenhouse gas emissions (mitigation), and prepare natural ecosystems and human systems – populations, economic activities, and infrastructure – for the impacts of unavoidable climate change (adaptation).
An EU regulatory tool that applies a levy at the EU border on the greenhouse gas content of imported cement, iron and steel, aluminium, fertilisers, electricity and hydrogen. Its aim is to put a fair price on carbon emitted during the production of carbon-intensive goods that are entering the EU, and to encourage cleaner industrial production in non-EU countries