When the US Inflation Reduction Act (IRA) went into effect a year ago, there was a lot of excitement. The subsidy program for the establishment of green industries, initially budgeted at 369 billion dollars, put European manufacturers at a disadvantage and could lead to a trade war and a race for government subsidies, according to […]
The US government approved 1.2 billion US dollars in grants for two projects to extract carbon dioxide (CO2) from the air (Direct Air Capture – DAC). An Occidental Petroleum subsidiary and a consortium of Climeworks, Battelle and Heirloom Carbon Technologies will receive the grants to advance DAC technology and build two commercial DAC plants. The […]
When the US Inflation Reduction Act (IRA) went into effect a year ago, there was a lot of excitement. The subsidy program for the establishment of green industries, initially budgeted at 369 billion dollars, put European manufacturers at a disadvantage and could lead to a trade war and a race for government subsidies, according to […]
High hopes rest on green hydrogen: It is expected to help reduce emissions in the steel sector, find use in power plants, make shipping and – some hope – passenger transport more climate-friendly. But to meet future demand, electrolysis capacity will have to grow faster than the wind and solar industries have managed during their […]
The German government agreed on Wednesday to provide 58 billion euros for green investments next year via the Climate and Transformation Fund. That is 60 percent more than in 2023, the Finance Ministry announced.The investments are allocated to the following areas:Total investment in the Climate and Transformation Fund (KTF), a shadow budget to stimulate the […]
The EU will provide Slovenia with at least 400 million euros in aid following the devastating floods. Six people died and tens of thousands of households were affected by extreme rainfall. According to the Slovenian Environment Agency, the floods began to recede on Monday, but some areas remained isolated from the outside world.“We have a […]
July 2023 was the globally hottest month ever recorded. For the first time, the average temperature was 1.5 degrees above pre-industrial levels. This means that the 1.5-degree target has not yet been exceeded, but this record once again proves that it is time to act!Jochen Flasbarth is quite optimistic in our big interview. He believes […]
The ongoing heavy rains and floods in parts of China are threatening crucial grain-producing regions. The extreme precipitation has persisted since late July. Due to the floods, more than one million people have been forced to leave their homes; at least 62 people have died. The actual number of casualties is likely higher, as many […]
High hopes rest on green hydrogen: It is expected to help reduce emissions in the steel sector, find use in power plants, make shipping and – some hope – passenger transport more climate-friendly. But to meet future demand, electrolysis capacity will have to grow faster than the wind and solar industries have managed during their […]
Climate change will increase the cost of sovereign and corporate debt and lower sovereign credit ratings. That is the conclusion of a recent study by researchers at the University of East Anglia (UEA) and the University of Cambridge. “Early investment in climate change mitigation and adaptation” would improve the sustainability of public budgets, concludes the […]