Following the withdrawal of Western institutions, the controversial EACOP oil pipeline from Uganda to Tanzania has now secured its first round of financing from African and Arab banks. The countries are hoping for development and export revenues. Environmentalists criticize that the project violates the NDCs.
By Viktor Funk
Global military spending is more than one trillion US dollars higher than that for climate protection and adaptation. While the global military build-up continues, five times as much money would be needed for climate action in order to avoid even greater damage.
By Lukas Bayer
The future Minister for Economic Affairs and Energy, Katherina Reiche, is being praised not only by her own party, but also by the German Renewable Energy Federation. By contrast, other ministries that are important for climate action are being occupied by people who have hardly attracted any attention on the subject to date.
By Malte Kreutzfeldt
The Ministry of Economic Affairs (BMWK) is against a division of the German electricity price zone. The renewable energy association BEE warns of the impact on the economic viability of existing renewable energy plants.
By Manuel Berkel
According to scientists from the CDRmare research mission, the storage of CO₂ in the North Sea and Baltic Sea and increasing the natural CO₂ uptake of both seas are "limited to a few methods." They warn against overestimating the potential.
By Nico Beckert
Under pressure from the Trump administration, World Bank CEO Banga has begun a balancing act at the spring meeting: Rhetorically, the climate issue is falling by the wayside; structurally, Banga is sticking to his reforms. The likely price for this strategy: more World Bank funding for gas and nuclear power.
By Bernhard Pötter
With a new special ship for landing liquefied gas in Wilhelmshaven, Germany is relying on "LNG overcapacity that is fatal in terms of climate and environmental policy," warns Deutsche Umwelthilfe.
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EU Energy Commissioner Dan Jørgensen will soon present a roadmap for phasing out Russian gas. At the IEA Energy Security Conference in London, he spoke to Table.Briefings about current threats and the simplification of energy legislation.
By Manuel Berkel
A summit on energy security brings together heads of state and government with players from the energy industry to reduce dependence on fossil fuels. Experts expect it to yield rapid security policy benefits.
By Lukas Bayer
Since the ECB postponed its plan to reduce climate-damaging investments in July 2024, it has accepted fossil collateral worth EUR 13 billion. The NGO Reclaim Finance criticizes the long maturity of individual assets as particularly problematic.
By Lukas Bayer
