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P4G Seoul Summit unites world leaders for inclusive green recovery, serves as stepping stone for next climate COP
P4G Seoul Summit wrapped up on May 31, proclaiming global inclusive green growth in Seoul Declaration. The Summit called for global cooperation in climate change response; developed countries announce support for

China to end subsidies for new solar, onshore wind projects in 2021
China will no longer give subsidies for new solar power stations, distributed solar projects by commercial users, or onshore wind projects from the central government budget in 2021, the state economic

Ending Harmful Subsidies Could Increase Amount of Fish in the Ocean, Research Shows
A World Trade Organization deal to cease destructive payments would yield 12.5% rise by 2050 Overfishing presents one of the greatest threats to the health of the global ocean. Estimates

US economist Joseph Stiglitz warns carbon pricing mismatch may trigger next global financial crisis
Carbon prices will be much higher than current prices, and fossil fuel assets will come down, imposing enormous amounts of transition risks, says Stiglitz He warns of more severe version

G7 Governments: End Fossil Fuel Subsidies
G7 member countries should take immediate and concrete action to end fossil fuel subsidies, Human Rights Watch said in a question-and-answer document released today. Ending these subsidies is key to countries meeting

5 ways to align debt with climate and development goals
This year’s G7 meeting will focus on the global post-pandemic recovery, with a renewed focus on climate action. But climate vulnerable countries have high levels of debt burden – making

G7: What was (and wasn’t) agreed by world leaders to combat the climate crisis
From “green Marshall Plans” and net-zero energy sectors to a lack of clarity on green spending and transport decarbonisation, EURACTIV’s media partner edie.net rounds up what was and wasn’t agreed

EU eyes fund to protect citizens from new carbon prices
The European Commission will set up a fund to support vulnerable households if their fuel bills increase as a result of its plan to expand carbon pricing to transport and

Japan policy blueprint focuses on green, digital, sticks to fiscal target for now
Japanese Prime Minister Yoshihide Suga plans to accelerate investment in green projects and digital transformation, setting his eyes on new sources of economic growth in the post-COVID era, according to