WASHINGTON, DC – As Europe sets its sights on becoming the world’s first carbon-neutral continent, it must perform a delicate balancing act. Can the European Union transform its economy while enhancing its competitiveness? And can it achieve these goals while maintaining its status as a shaper of global standards and adhering to its principles of fiscal responsibility?
The answer to these questions is a resounding no. Trade-offs are unavoidable, and identifying the concessions required to strike the right balance could prove more challenging than policymakers may think.