Stegra has agreed in principle on €1.4 billion in new financing to complete the construction of what would be the world's first large-scale green steel plant, located in Boden in northern Sweden.
One of the key reasons for India's withdrawal appears to be the steadily declining relevance of COP in driving meaningful global climate action. The complete erosion of trust among countries at the Belem summit in Brazil, where several nations reneged on previously agreed commitments, seems to have contributed significantly to this decision.
The Society of Motor Manufacturers and Traders is calling for UK-built vehicles, components and batteries to be granted equivalent status to EU-made products under the proposed 'Made in Europe' framework, arguing that the current draft risks undermining a deeply integrated cross-border industry.
DINUM will coordinate a cross-ministerial plan to reduce dependence on suppliers outside Europe. Each ministry will be required to develop its own plan by this fall, covering the following areas: workstations, collaboration tools, antivirus software, artificial intelligence, databases, virtualization, and network equipment.
At a young age, I learned quickly how oil wealth and power could burn the land while people struggled. I saw heat rise off the streets, the Nile strained, and the air thickened with injustice. In my teenage years, through Aotearoa, being on the edge of the Pacific, I felt the ocean breathing heavy, swallowing the shores of islands that have done the least to cause this harm.
The overarching message of The Economics of Climate Change: The Stern Review was that failing to invest in mitigating climate change would exact an alarmingly high price, estimated between 5% and 20% of global GDP per year.
as the EU's climate advisory board urges countries to prepare for a catastrophic 3C of global heating. Maarten van Aalst, a member of the European Scientific Advisory Board on Climate Change (ESABCC), said the continent was already paying a price for its lack of preparation but that adapting to a hotter future was in part common-sense and low-hanging fruit. It is a daunting task, but at the same time
The UN-run market allows companies and countries to offset their excess emissions by financing projects that cut greenhouse gases in other nations. The new initiative involves a clean cooking project in Myanmar, which distributes efficient cookstoves that reduce pressure on local forests. Implemented in partnership with a South Korean company, the project will generate credits that will count towards the climate targets of South Korea and Myanmar.
Europe's ageing fleet of nearly 2,000 ferries are a large but overlooked source of foul air in coastal cities. Emissions of sulphurous oxides toxic gases that smell like burnt matches and rotten eggs react to form tiny particles that penetrate the lungs, ride the bloodstream and damage organs throughout the body.
Many planned projects have been delayed or scrapped. Adrian Odenweller and Falko Ueckerdt at the Potsdam Institute for Climate Impact Research in Germany tracked 190 projects globally that were due to begin operating in 2023. The researchers found that only 7% of these had begun operations as scheduled.