For instance, what happens if we keep delaying action today but still want to reach net zero by mid-century? This scenario shows that a delayed transition would lead to a drastic surge in carbon prices from 2030 onwards.
You have addressed the main topics: macroeconomic developments and growth, achievements and challenges of financial integration within the European Union (EU), regulatory convergence in the United States and the EU, and the role of US and EU financial markets in the global economy.