European Commission Vice-President Valdis Dombrovskis and European Commissioner for Financial Services, Financial Stability and the Capital Markets Union, Mairead McGuinness, give a media conference on the EU s climate change mitigation and adaptation taxonomy following a weekly meeting of EU Commission in Brussels, Belgium, April 21, 2021. [Photo/Agencies]
The success of the green transition will depend on the availability of financing, along with the entire financial system transitioning toward green finances. However, the efforts across countries are rather scattered right now.
The Leaders Summit on Climate, organized in April by US President Joe Biden, emphasized the role of climate finance. During the summit, the US unveiled its international commitments, listed in the US International Climate Finance Plan. It also promised to double climate financing for developing countries to $5.7 billion by 2024, to scale up and attract private investment, and to end support for fo
Climate financing offers golden opportunity
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Climate financing offers golden opportunity
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EU, US agree to pursue talks By CHEN WEIHUA in Brussels | China Daily | Updated: 2021-05-19 09:10 Photo taken on Feb 23, 2018 shows a view of the port area of Hamburg, Germany. [Photo/Xinhua]
Europeans suspend tit-for-tat tariffs on steel and aluminum for up to six months
The European Union and the United States agreed on Monday to pursue talks to end their dispute over steel and aluminum tariffs, with the EU suspending retaliatory measures in the hope Washington reciprocates during US President Joe Biden s visit to Brussels next month.
Biden is scheduled to hold a summit with EU leaders in June. It will be his first trip to Brussels since taking office in January.
EU, US agree to pursue talks
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