Policy

Energy Charter Treaty undermines EU climate goals, so the EU must withdraw

The European Commission has informed its members that a collective EU withdrawal from a contentious international energy deal – Energy Charter Treaty – seems likely. Several EU countries have already done so due to environmental concerns. Aiming to safeguard energy firms by granting them the right to challenge governments over investment-related regulations, the 1998 Energy …

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EU's green deal as alternative to US's IRA

WEF in Davos: EU could confront the US climate game changer with own green deal

The European Union announced on Tuesday that it would mobilize state subsidies and a sovereignty fund to deter businesses from migrating to the United States. It will be a kind of EU green deal in response to American efforts to accelerate its energy transition. Ursula von der Leyen, the president of the European Commission, stated …

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Francesco La Camera

IRENA chief La Camera gets second term: Global body sets new strategy

Francesco La Camera was selected as the director-general of the International Renewable Energy Agency (IRENA) for a second four-year term. IRENA said that it will adopt a new strategy centered on urgent and targeted action. IRENA generally works to accelerate the deployment and integration of renewable energy technologies globally. It does this by providing analysis …

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Greenwashing in EU's legislative is not neccessary

Businesses don’t like the EU’s proposal for the legal definition of greenwashing

Fund industry associations have advised the European Union’s markets watchdog that it should not define greenwashing in legislation due to worries that doing so would complicate a sector that is “in constant movement.” Investments claiming to be climate-friendly have received billions of dollars, but there haven’t been many penalties for greenwashing or overstating one’s environmental …

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All three coal-fired power plants in the Netherlands will soon operate at full capacity due to gas shortages in the coming winter

Nothing rewarms international relations as coal: China Energy buys from Australia

China Energy Investment Corp. had placed an order to acquire Australian coal, marking one of the first transactions after Beijing relaxed an unofficial ban put on coal imports from Australia in 2020. Three sources with knowledge of the situation stated this on Friday. They made the decision at a time when relations between Beijing and …

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UN: Governments’ promises to go net zero to stop climate warming failed

A new climate for climate rules: Sustainable business or no business

The last year saw the highest volume of rule-making ever for climate and sustainability. And they project 2023 to be no different as legislators tighten the noose around shady or dishonest corporate behavior. From Canada to South Africa, proposed or adopted regulations addressed a wide range of topics. They include a range from promoting corporate …

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Nature restoration: We won't destroy one-third of nature we could ruin

UN announces deal for nature restoration, but it’s not an easy task

In an attempt at nature restoration, U.N. representatives gathered in Montreal, Canada, for COP15 talks. According to U.N. experts, the globe needs to reserve a third of all land and marine territories. That is supposed to protect the world’s ecosystems, including all the wildlife they contain, from the Amazon jungle to the Arctic Ocean. This …

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The European Union reached a political agreement on Tuesday to put a carbon dioxide emissions tariff on imports of polluting goods

EU reaches agreement on a first-ever border carbon emissions tariff

The European Union reached a political agreement on Tuesday to put a carbon dioxide emissions tariff on imports of polluting goods. Among others on the list are steel and cement. This is a groundbreaking program intended to boost European companies as they decarbonize. The decision came about later after an all-night debate. Around five in …

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