Europe delivered two groundbreaking initiatives last week to counter the global climate change crisis: a European Union climate deal, committing the EU to more than halve greenhouse gas emissions by 2030 and reach zero net emissions by 2050; and the publication of a first-of-its-kind of regulation, the EU’s sustainable finance taxonomy...

Some international businesses adhere to EU regulation even in their operations outside Europe.

EU standards and consumer protection regulations have a habit of being enforced globally. Why is that? And is it such a bad thing?