France plans to deliberately disadvantage Chinese manufacturers when subsidizing EVs. While most European countries subsidize the purchase of EVs irrespective of additional environmental criteria, the government in Paris will add other criteria:To this end, the “Bonus écologique,” the French environmental premium, has been revised. “We will stop subsidizing electric vehicles with a bad carbon footprint,” […]
California has once again lived up to its reputation as an environmental and climate action pioneer. In September, the Sacramento parliament passed Senate Bill 253 and Senate Bill 261 by a large majority, with both bills expected to be signed into law by Democratic Governor Gavin Newsom in the near future. They represent the most […]
IAA Mobility reflects the magnitude of the transformation occurring in the automotive supplier industry towards electric mobility. German suppliers find themselves in the midst of this transition, struggling through a challenging transformation landscape. Even though Bosch, ZF Friedrichshafen and Continental still top the list of the largest automotive suppliers globally, their profit margins have not […]
The United States government has presented a package of measures under which US federal agencies will have to take even greater account of environmental and climate action in their procurement activities. The Biden administration’s goal is to make public spending at the federal level climate-neutral by 2050 at the latest.The Sustainable Products and Services Procurement […]
The European Climate Neutrality Observatory (ECNO) presented the so-called flagship report titled “State of EU Progress to Climate Neutrality” for the first time. It is intended to document the current status of the EU’s transformation on the path to net zero by 2050. According to the report, the EU “moved in the right direction” but […]
In view of climate change, agriculture in Germany is facing a double transformation. On the one hand, it is one of the largest emitters of greenhouse gases, accounting for around eight percent of the total, and must significantly reduce its emissions of climate-damaging CO2, methane and nitrous oxide. On the other hand, it is already […]
To compensate for their excessive greenhouse gas emissions, the developed countries of the North would have to make compensation payments of 170 trillion US dollars to the countries of the Global South. This is the conclusion of a group of researchers led by Andrew Fanning of the British University of Leeds. Their study was published […]
After the withdrawal of more members, the Net-Zero Insurance Alliance (NZIA) is facing an existential crisis. Within a few days, six more insurance companies have left the global climate alliance – including the French group Axa, which held the chair until its withdrawal. Paris-based reinsurer Scor, Japan’s Sompo, insurers QBE (Australia) and Mapfre (Spain), and […]
Last week, Republican attorneys general from 23 US states sent a letter to around 30 insurance companies belonging to the Net-Zero Insurance Alliance (NZIA). In it, they expressed doubts that the merger of internationally operating insurers is legal under US law. It was formed in 2021 on the initiative of the United Nations. Instead, they […]
As Deutsche Bank’s Annual General Meeting gets underway today, the environmental and human rights organization Urgewald is criticizing the ongoing financing of fossil fuels. According to the organization’s co-edited report Banking on Climate Chaos, the volume of LNG financing alone nearly tripled from 340 million US dollars to 907 million US dollars between 2021 and […]