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EU has to come clean on costs of green transition

Europe is providing a test of whether weak governments can enact strong policies. It has set firm goals to reduce carbon emissions by at least 55% by the end of the decade, before becoming carbon-neutral by 2050. European Union governments have agreed on the strategy, but they tend to paper over the short-term economic costs of the green transition. If they don’t come clean to public opinion, and explain how these costs will be shared, they may face crippling populist protests that will compromise their end goals. ....

United Kingdom , France General , City Of , Jean Pisani , Francesco Guerrera , Bruno Le Maire , Selma Mahfouz , Christian Lindner , Oliver Taslic , Keir Starmer , Paolo Gentiloni , European Union , European Union Green Deal , Labour Party , International Energy Agency , Thomson Reuters Trust Principles , Office For Budget Responsibility , European Commission , Reuters Breakingviews , Jean Pisani Ferry , Social Democrats , Sunday Paolo Gentiloni , Financial Times , Finance Minister Bruno Le Maire , Finance Minister Christian Lindner , Green Deal ,

Multilateral banks need major changes to boost lending - G20 panel

Multilateral development banks (MDBs) must undergo big changes in the way they operate to eliminate poverty, triple sustainable lending levels by 2030 and create a new funding mechanism to further its agenda, a G20 panel said in a report on Tuesday. ....

Lawrence Summers , Simon Cameron Moore , World Bank , International Monetary Fund , Thomson Reuters Trust Principles , Common Framework , Swati Bhat , Thomson Reuters Trust , Rsbi Esg Regulation , Rsbi Climate Change , Rsbi Climate Solutions , Sustainable Business ,

Paris 2024 organisers keep close eye on Europe's heatwave

Organisers of the Paris 2024 Olympic Games are paying close attention to long-term weather models, Paris 2024 chief Tony Estanguet said on Tuesday, as swathes of Europe baked again in near-record temperatures. ....

United States , France General , Tony Estanguet , Forrest Crellin , Christian Radnedge , Richard Lough , Thomson Reuters Trust Principles , World Meteorological Organization , North America , North Africa , Olympic Champion , Thomson Reuters Trust , Rsbi Climate Change ,

Germany adds 60% more onshore wind power in 1st half but pace seen too slow

Germany added 60% more onshore wind capacity in the first half of 2023 than a year earlier at a total of 1,565 megawatts (MW), but needs far more to reach its 2030 target, wind industry lobbies said on Tuesday. ....

Robert Habeck , Vera Eckert , Tomasz Janowski , Friederike Heine , Thomson Reuters Trust Principles , Green Robert Habeck , Thomson Reuters Trust , Rsbi Sustainable Markets , Repi Grid Infrastructure , Rsbi Climate Change , Repi Wind , Rsbi Clean Energy , Rsbi Climate Solutions , Sustainable Business ,

Denmark looking to contribute to Amazon Fund, Brazil says

Brazilian President Luiz Inacio Lula da Silva said on Tuesday that Danish Prime Minister Mette Frederiksen has told him that her country wants to contribute to the Amazon Fund, a Brazil-led initiative aimed at fighting deforestation. ....

Bruxelles Capitale , United Kingdom , Jair Bolsonaro , Gabriel Araujo , Luiz Inacio Lula , Mette Frederiksen , Steven Grattan , Joe Biden , Thomson Reuters Trust Principles , Amazon Fund , President Luiz Inacio Lula , Danish Prime Minister Mette Frederiksen , British Prime Minister Rishi Sunak , Thomson Reuters Trust , Rsbi Deforestation , Rsbi Climate Change ,