Giving new meaning to 'equity' (COP 14)
I was amused and then alarmed at a side event where a European Commission speaker noted very matter-of-factly that the Commission had to ensure, when developing automotive standards, that countries were treated ‘fairly’. He explained that it would be unacceptable for a country which had a company making smaller, fuel efficient cars (eg Fiat) to derive competitive advantage from their climate friendlier market offering. In a stroke, he completely undermined my argument with business leaders that climate responsibility will offer competitive advantage. I now know that this is an unfair principle, in Europe at least. Where does fairness to climate victims come into play?
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