Policy

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 …

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

Ursula von der Leyen, president of the European Commission, unveiled the Green Deal Industrial Plan yesterday. Basically, it is in an effort to prevent the European Union from falling behind in the race for green technology and to counter the large subsidies the United States and China already provide for their companies. It contains support …

What is the Green Deal Industrial Plan of the EU? Read More »

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 …

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

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 …

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

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 …

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

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 …

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

Energy costs must not affect the famous baguette and other French bakeries’ products. So, energy firms must help save the baguette. Thus, the finance minister Bruno Le Maire claimed on Tuesday that energy providers are not doing enough to assist France’s iconic bakers to deal with skyrocketing energy costs. Le Maire, who would discuss the …

Energy firms must save the symbol of France – the baguette Read More »

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 …

A new climate for climate rules: Sustainable business or no business Read More »

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 …

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

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 …

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