Finance Watch warns: Economic models underestimate climate risks on 02/11/23
The economic models used to calculate the risks of climate change to economic growth and financial stability are "disconnected" from climate science and perpetuate an inaction bias in policymakers, a new report by the financial policy NGO Finance Watch warned. EU Commission reconfirms possible funding for Maltese gas pipeline linked to murder on 02/11/23
Malta’s TransGas pipeline project has been re-added to the European Commission’s sixth ‘Projects of Common Interest’ (PCI) list, meaning it will be eligible for EU funding despite years of protests about the pipeline’s viability, environmental impact, and links to corruption... Volkswagen rejects Czech gigafactory location, citing low demand for EV batteries on 02/11/23
Volkswagen will not set up more European gigafactories for producing electric vehicle (EV) batteries for the time being, the carmaker’s CEO Oliver Blume has revealed, despite Czechia hoping to receive investments from the automotive giant. “Given the market situation, including... Climate’s ‘Catch-22’: Cutting air pollution heats up the planet on 02/11/23
Air pollution, a global scourge that kills millions of people a year, is shielding us from the full force of the sun. Getting rid of it will accelerate climate change, according to six leading climate experts. Sticks or carrots? The West’s balancing act with China at COP28 on 01/11/23
A global green new deal – not a green trade war – is what world nations should aspire to at COP28, writes Frédéric Simon. Czechia progresses on new nuclear unit as three companies bid for contracts on 01/11/23
The construction of a new nuclear power unit has moved forward with binding bids accepted from US-Canadian Westinghouse, France’s EDF and the Korean company KHNP, announced ČEZ’s Director of New Energy Division Tomáš Pleskač. The new unit will be built... France leads EU’s electric vehicle charge as Stellantis posts huge uptick in sales on 01/11/23
Car giant Stellantis, with most of its workforce in France, announced a 7% year-on-year sales increase on Tuesday, driven by a 37% rise in electric car sales, as the EU, with France in the driver’s seat, bets on home-grown electric... German trade unions lose patience with ministers over industrial subsidies on 31/10/23
German trade unions are insisting on subsidies for energy-intensive industries in Germany, while the government and business representatives are split. UK backs suspension of deep-sea mining in environmental U-turn on 31/10/23
Britain has announced its backing for a moratorium on commercial deep-sea mining, after criticism from scientists, MPs and environmentalists of its previous stance in support of the emerging industry. Euractiv's media partner, The Guardian, reports. Ribera: COP28 must commit to peak emissions, stop new coal on 31/10/23
The next international climate conference, COP28, needs to lead to concrete pledges to peak global emissions and stop building new coal power plants, according to Spanish deputy prime minister Teresa Ribera, who will represent the EU 27 at the summit.
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