EU market chief: ‘Too early’ to gauge coronavirus impact on climate policy

The spread of Covid-19 has raised questions about Europe’s reliance on distant, overseas manufacturing, but it is too early to assess its impact on the EU’s plans to decarbonise industry, said the EU’s internal market commissioner on Thursday.

“Maybe, yes, we went too far in globalisation,” Thierry Breton said in an online discussion hosted by the Brussels-based think-tank Bruegel. “Now we need to take into account things like being too much dependent on one country, region or company.

“We need to take into account also CO2 emissions, carbon footprint and the price of CO2,” the commissioner said. Everything will change in terms of production and services, he said, stressing this was already happening due to European environmental and climate policy.

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