China’s weak economic data for 2022 substantiate the suspicion that the country could soon reach the peak of its CO2 emissions. The Chinese economy grew by just three percent last year, and there was even a decline in economic output in particularly emissions-intensive industries, according to official data from the National Bureau of Statistics. Originally, […]
Markus Krebber is one of Germany’s most sought-after business leaders. The RWE chief has to transform one of the country’s largest energy suppliers from a coal giant into a renewable provider – while politicians and industry worry about energy security. His company is currently under fire once again: The clearance of Lützerath is generating negative […]
More than eight million new jobs will be created worldwide in the field of green technologies by 2030. This is according to a new Energy Technology Perspectives 2023 analysis by the IEA, which was published today. If countries meet their climate targets by 2030, the market for green products such as solar panels, wind turbines, […]
Scientists from the Global South are hardly represented in the author teams of the most important climate studies. This is the result of a survey by Carbon Brief. According to the survey, the 25 climate studies that receive the most media attention were predominantly written by men from the Global North:Top 10 studies: health, tipping […]
Fink’s 2020 letter to CEOs was a big surprise. The BlackRock chairman warned that climate risks are increasingly becoming investment risks. In plain: Investments in fossil industries are becoming less attractive as they risk losing value in the future. Soon, therefore, there will be a “significant reallocation of capital.” Sustainable investing is the “strongest foundation […]
Norway revived the Amazon Fund to protect Brazil’s rainforest. The fund’s largest donor had frozen the money since August 2019, after former President Jair Bolsonaro ousted the fund’s board of directors. The fund still has 620 million US dollars that will be released after Lula da Silva recently took office, Reuters reports.“Brazil’s new President has […]
Despite lower energy consumption and a record year for renewables, Germany failed to meet its climate targets last year, according to a study by the think tank Agora Energiewende. Emissions stagnated at 761 million metric tons of CO2 compared to the previous year. The target of a 40 percent reduction compared to 1990 was missed […]
Not only electric cars are booming in China. The number of electric buses is also growing steadily, fueled by a targeted government policy involving subsidies, regulations, infrastructure development, pilot programs, and an active industrial policy.China’s zero-emission bus fleet consists of around 704,000 vehicles (as of mid-2021), according to a study by BloombergNEF – an increase […]
Electric buses have become a sales hit in recent years. In 2013, they accounted for just two percent of new bus sales. By 2021, almost every second bus sold was electric (45 percent). Their share of the global bus fleet has risen to 19 percent.The trend in electric buses is one of the few silver […]
Global climate policy produces many big ideas that end up failing because of minor issues. This could also be the fate of the “Bridgetown Initiative” of the Prime Minister of Barbados, Mia Mottley, to use special drawing rights to finance global climate action. The Deutsche Bundesbank is not playing along, and the ECB is also […]