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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. ....

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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. ....

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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. ....

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Factbox: Germany unveils strategy on China, trade partner and rival

Germany on Thursday passed its long-awaited China strategy after months of wrangling within Chancellor Olaf Scholz's three-way coalition over how much to toughen Berlin's stance. ....

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