The USA appears to be withdrawing from the coal phase-out partnerships (JETP) with South Africa, Indonesia and Vietnam, Reuters reported on Wednesday. Several sources from the three countries had confirmed the withdrawal. Joanne Yawitch, head of the Just Energy Transition Project Management Unit in South Africa, said on Wednesday that the US had communicated its […]
A new report has found that the five largest companies in the oil, gas, coal, and cement sectors were responsible for over 17 percent of global carbon emissions in 2023. According to a Carbon Majors analysis, 16 of the 20 largest fossil fuel emitters are state-owned enterprises, including Saudi Aramco, Coal India and Chinese coal […]
China’s CO2 emissions rose by 0.7 percent in 2024 and the country is at risk of missing a key climate target. The People’s Republic wants to reduce the CO2 intensity of its economy by 18 percent between 2021 and 2025. However, according to new data from the National Bureau of Statistics, CO2 intensity was only […]
According to a new analysis by the Centre for Research on Energy and Clean Air (CREA), China’s steel sector is jeopardizing the country’s climate targets. The transformation of the sector to lower-carbon production processes is making slow progress. Steel from electric arc furnaces (EAF) still accounted for less than ten percent of total production in […]
The EU’s Clean Industrial Deal aims to reconcile climate action and industrial policy. With this comprehensive program, the EU Commission aims to reduce bureaucracy, lower energy prices and stimulate investment in green technology. So are climate action and decarbonization measures to blame for Germany’s weak economy? After all, CDU chancellor-designate Friedrich Merz has accused the […]
The green economy in the UK is growing three times faster than the rest of the economy, according to a new report from the Confederation of British Industry. The study, commissioned by the Confederation of British Industry, shows that the UK’s net-zero economy grew by ten percent last year. In the previous year, growth was […]
According to an analysis by the think tank Forum Ökologisch-Soziale Marktwirtschaft (FÖS), some of the parties’ election manifestos show major gaps in the long-term financing of the climate transformation shortly before the Bundestag elections. The parties “have yet to deliver a sustainable climate finance policy,” criticizes the FÖS. The election manifestos and election campaigns lacked […]
Climate change threatens Germany’s national security, could lead to more migration and make Europe more unstable, according to a joint study by the University of the German Armed Forces, the Potsdam Institute for Climate Impact Research (PIK), Adelphi Research and the German Federal Intelligence Service (BND). BND President Bruno Kahl warns that the security risks […]
The next German government must speed up the supply of hydrogen to German industry. Several steel manufacturers fear that there will not be enough hydrogen available at competitive prices in the medium term. For this reason, some companies want to renegotiate EU funding decisions for the use of green hydrogen to ensure that they have […]
China is pushing ahead with the reform of the electricity market and wants to reduce subsidies for renewable energies. This is the result of a new policy published on Sunday. In the future, the electricity price for renewable energies is to be determined more by market forces. The reform is intended to boost demand for […]
