Parked tractors block a highway during a farmers' protest near Mollerussa, northeast Spain, Tuesday, Feb. 6, 2024.
Tractors block a highway during a farmers' protest in northeastern Spain in February.
  • The European Union risks missing its 2030 climate goals, with Germany and Italy lagging behind.
  • The two countries may have to spend €15 billion on carbon credits to comply with a climate law.
  • A carbon credit shortage could lead to a costly bidding war and legal issues for EU nations.

The European Union is at risk of missing its ambitious climate goals for 2030, and Germany and Italy are largely to blame.