What Did Carney Mean by ‘Carbon Is Trade’?

Canadian Prime Minister Mark Carney (C) is welcomed to the European Council Building by Antonio Costa, president of the European Council, and Ursula von der Leyen, president of the European Commission, for the Canada-EU Summit in Brussels, Belgium, on June 23, 2025. Sean Kilpatrick/The Canadian Press

News Analysis

After a G7 summit last week that unlike previous years was devoid of messaging around the need to tackle climate change and gender issues, those topics were raised as Canada and the European Union (EU) held their summit earlier this week.