With a stated goal by the 196 signatories to the Paris Agreement in 2015 at the UN Climate Change Conference to limit the increase in the global average temperature to “well below 2°C above pre-industrial levels,” greenhouse gas emissions will need to decline by at least 43% by 2030.

In a recent article published by Environmental Finance, Finance associate Max Griffin explains how the European Union and the United States have taken different approaches on how to achieve this goal, what methods they are using, and which group is pulling ahead.

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