CSD3 will force big companies, from oil majors to commodity traders, to design their supply chains, reduce greenhouse gas emissions across the board and align their operations with Europe’s net-zero targets. Crucially, it doesn’t just apply inside the EU. Its reach extends to any business with significant revenue in Europe – from QatarEnergy to American shale producers. Europe is exporting its climate rules to the world.
The EU’s new climate rules show just how powerless Brexit has left Britain
