News
US raises concerns over Europe’s planned carbon ‘border tax’
Implementing a border levy to price carbon-intensive imports and protect European industries will be “extremely complicated,” warned Jonathan Pershing, a member of the US climate envoy’s team. “I do note
Carbon pricing – markets, taxes or regulation?
The cost of EU emissions allowances has doubled over the last two years, which is likely to renew debate over the relative merits of market-based and tax-based approaches to pricing
On the Role of Sovereign Wealth Funds (SWFs) in Supporting a Green Recovery
Perhaps one of the few areas where a consensus is crystallizing across the major powers of the global economy is on the urgency of advancing the green environmental agendas and
Leaders Summit Showcases Clean Energy Commitments to Tackle Global Climate Crisis
In late April, US President Joe Biden convened 40 world leaders to “galvanize efforts” by the world’s major economies to tackle climate change, highlight economic benefits of early, “decisive” action,
European green recovery: What’s in store post-Brexit?
In September 2020, Ursula von der Leyen, the president of the European Commission announced that by 2030, the EU would aim to reduce greenhouse gas emissions by at least 55 percent below
Spain’s green recovery plan among EU’s best, experts say
The contribution of Spain’s recovery, transformation and resilience plan to the green transition is among the best in the EU, according to a report international climate experts highlighting the lack
World Must Move From Pledges to Actual Green Recovery Spending
In the wake of a once-in-a-generation pandemic and economic crisis, spending on green recoveries is less than an average year’s worth of subsidies on fossil fuels. March 2021 marked the
Banks Earn Big on Green Bonds But Really Clean Up With Fossil Fuel
Wall Street is on pace to earn record fees from climate-conscious debt, but bankers make more money financing the companies behind global warming. While investment bankers are on pace to earn record
Germany to bring forward climate goals after constitutional court ruling
Government proposes net zero deadline of 2045 instead of 2050, but critics demand actions not numbers Germany’s government is to revise its emission reduction targets after the country’s constitutional court
