Go forth and spend: Call for action closes US climate summit
ELLEN KNICKMEYER, CHRISTINA LARSON and SETH BORENSTEIN, Associated Press
April 23, 2021
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1of15President Joe Biden speaks to the virtual Leaders Summit on Climate, from the East Room of the White House, Friday, April 23, 2021, in Washington.Evan Vucci/APShow MoreShow Less
2of15World leaders are shown on a screen as President Joe Biden speaks to the virtual Leaders Summit on Climate, from the East Room of the White House, Friday, April 23, 2021, in Washington.Evan Vucci/APShow MoreShow Less
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4of15In this image from video, Michael Bloomberg speaks during the White House Climate Leaders Summit, Friday, April 23, 2021. The White House is bringing out the billionaires, the CEOs and the union executives Friday to help sell President Joe Biden s climate-friendly transformation of the U.S. economy at his virtual summit of world leaders.APShow MoreShow Less
Go forth and spend: Call for action closes US climate summit
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Go forth and spend: Call for action closes US climate summit
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In a messy divorce from Europe, the United Kingdom is taking its emissions with it.
The UK has been participating in the continent’s emission trading system, the EU-ETS, since 2005, but left as part of Brexit last December. This week, the country released a final report under the system, and it’s leaving on a high note. The UK reported a drop of 15% in emissions over the previous year, according to Refinitiv Carbon, a subsidiary of the London Stock Exchange.
That’s on trend. Over the past decade, the UK has managed to slice its emissions by about one-third a milestone last seen in the 1880s while growing its economy. And after years of low prices and stagnant trading, carbon prices across Europe are now reaching record heights: €40 ($47) per metric ton. Policymakers in Brussels say they’re committed to maintaining a meaningful price on carbon in the future to drive more emission reductions.