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The EU Commission is urging Brazil and the other Mercosur countries to commit to certain sustainability goals as part of the planned trade agreement. Criticism is now mounting in the four countries – it will come down to a test of strength.
By Redaktion Table
The spring meeting of the World Bank and IMF might bring a little more money for the climate. But that is not enough, says the President of the World Resources Institute, Ani Dasgupta: The entire financial system must be reviewed, he says. Details could emerge at the financial summit of French President Macron.
By Alexandra Endres
On April 15, the last German nuclear power plants will be shut down. But German taxpayers' money continues to flow into nuclear technology. The billions in contributions to the ITER nuclear fusion reactor in southern France are recorded in the EU as climate financing, even though fusion technology does not promote EU climate targets. But this is the only way the EU can meet its climate financing quota.
By
The pressure on the World Bank is high: Its designated new head Ajay Banga is supposed to better link poverty reduction with sustainability and structural reforms. The Bank's decision-making body has now discussed the proposals. A compromise is expected by fall.
By Bernhard Pötter
At least half of all greenhouse gas emissions are caused by the extraction and processing of resources. Circular economy can limit consumption – a decisive but often overlooked lever in climate action and nature protection. At their meeting in Japan, the G7 environment ministers are working to change that.
By Redaktion Table
Using tight public funds to leverage many billions from the private sector for climate financing – that is what the World Bank and important bilateral donors plan to do. But it is highly doubtful whether the necessary billions will be raised in this way. The concept of leveraging private funds is on shaky ground.
By Nico Beckert