Edenhofer calls for European carbon central bank

The EU is under pressure to move forward with its green agenda in light of the US Inflation Reduction Act, writes Ottmar Edenhofer, director of the Mercator Research Institute on Global Commons and Climate Change (MCC). To ensure that Europe is not put on the „industrial policy sidelines,“ the renowned climate researcher, who is also director and chief economist of the Potsdam Institute for Climate Impact Research (PIK), expects a clear signal from Commission President Ursula von der Leyen in her State of the EU Address (SOTEU) on Wednesday.