Page 2 - கேம்பிரிட்ஜ் எகநொமீட்ரிக்ஸ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Learning the hard way: Energy giants leap forward with transition, but could have been swifter
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How climate change can impact return expectations and what this means for multi-asset investors
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BC: How are the increasingly dramatic effects of climate breakdown altering the debate about climate action?
DP: I think it is going to put a lot of pressure on politicians, which are again doing business-as-usual, or politics-as-usual as a matter of fact. I think it’s really sad that the European Commission’s ‘Fit for 55’ plan came at this moment, because it is once again half-measures and empty promises. I think we are not really yet aware of catastrophes that are going to come. And by ‘we’, I think first of all Europeans, but especially I think the non-aware are the politicians. That is really problematic, and I think we have to leave the politics of austerity for the many and socialism for the few behind, because this is what got us here in the first place.
Béla Galgóczi
The climate policy package ‘Fit for 55’ launched by the European Commission on July 14th is ambitious and seems to put the European Union on track towards its 2030 climate-policy targets and pave the way for the 2050 net-zero-emissions goal. So far, so good.
But is Europe also socially fit for this package? Is it in line with the principle of ‘just transition’, widely shared across the union and the EU institutions? While previous efforts in this regard focused more on the employment, regional and industrial-policy aspects the main areas covered by the Just Transition Fund established under the European Green Deal this time the distributional features of just transition are on the table.
Why is the EU s new Emissions Trading System so controversial?
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