How does the European carbon market work?

Returning from a summer marked by soaring temperatures, wildfires and drought, the EU is entering a season of decisive negotiations

Who could have predicted we’d endure an “unprecedented” summer in 2026, climate-wise? Unprecedented, like a chapter  of a good TV series. For Benoît Leguet, avoiding endless reruns of the same story— and their costs — means finding ways to factor future climates into our economic decisions. A topic for the EU’s budget debate.  

he Clean Industrial Transition Monitor by the European Climate Neutrality Observatory (ECNO) assesses real-world progress using more than 50 indicators and provides a comprehensive and nuanced picture of both progress and remaining gaps.