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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

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