The world is seeing a shift away from ambitious climate mandates and goals. In a new insight, Director of Energy and Environmental Policy Shuting Pomerleau provides an overview of the significant recent developments in international climate policy and what they likely portend for such policies in the near future.

Key points:

• The Paris Agreement’s implementation is losing momentum, the United Nation’s global shipping carbon tax has stalled, and major economies are softening their electric vehicle mandates.
• These developments reflect that big climate mandates are costly, and it is challenging to reach international climate mitigation agreements in the existing fragmented geopolitical landscape – let alone implement them.
• The next few years are likely to see more incremental and piecemeal climate policies and targets at the national and sub-national levels instead of big and ambitious climate regulations.

Read the analysis.