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Climate (English)

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EU Parliament: Commission's response to IRA insufficient

The EU Commission's response to the multi-billion US Inflation Reduction Act for the promotion of green industries is insufficient, criticizes the lead MEP in the EU Parliament. The EU has no "business case" for decarbonizing the industry. It should promote more technology sectors and grant more subsidies. This is the demand made in the report of the responsible EU rapporteur, which is available to Table.Media in advance.

By Till Hoppe

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Feature

Interest rate hike jeopardizes the global energy transition

The G7 and experts are alarmed: Rising interest rates and capital flight jeopardize the urgently necessary energy transition in developing countries. High capital costs are slowing down the expansion of renewables. In Germany, too, low interest rates were not sufficiently utilized.

By Nico Beckert

Feature

USA: Republicans attack insurance companies for 'climate activism'

State attorneys from 23 Republican-ruled states accuse the Net-Zero Insurance Alliance of an antitrust violation. This puts the UN initiative for a climate-friendly transformation of the financial industry in the Republican anti-ESG campaign.

By Carsten Hübner

April 27, 2023, Vilanova de Sau, Spain: An old boat on the dry land is seen at the Sau water reservoir. The water resevoir, one of the main sources of water of the spanish region of Catalonia and in particular for the city of Barcelona, is now at 6% capacity according to Catalan Water Agency data, while the water reservoirs of the region are at 27% capacity, which has forced local governement to take measures against the water shortage, as Spain has entered a period of chronic drought. The record low level has made resurface the town of Sant Romà with its iconic bell tower, which was flooded in the 60s when the dam was built. Vilanova de Sau Spain - ZUMAs197 20230427_zab_s197_079 Copyright: xDavidexBonaldox
Feature

Spain: Drought as an election issue

Spain faces the worst drought since record-keeping began. The drought leads to forest fires, damaged crops and drives up inflation. The government has provided more than two billion euros for a series of measures and the political parties are making climate change an election campaign issue.

By Isabel Cuesta Camacho