Despite pledges to transition away from fossil fuels, the oil and gas business is booming. Countries like the United States, Norway, Russia and Brazil continue to grant hundreds of new drilling licenses. Companies once again reported high profits in the last quarter.
By Nico Beckert
In the world's most populous country, the new government announces its climate policy direction along with the budget: further investments in renewables and planning for a CO2 market. However, India will remain dependent on coal for a long time.
By Goswami Urmi
China plans to set a strict CO2 emission cap for the first time, marking the beginning of a "new era in Chinese climate policy." Companies and provinces will need to adapt to new regulations. However, experts criticize the lack of detail and necessary speed in implementation.
By Nico Beckert
This year's "Earth Overshoot Day" falls on August 1, when, according to the initiators, natural resources are used up for the year. However, many misconceptions and peculiarities surrounding this statistic cast doubt on the calculation method.
By Malte Kreutzfeldt
Two NGOs want to use new methane satellites to provide more transparency about the biggest polluters. The data will be provided free of charge and used for regulatory purposes in the EU and the USA.
By Nico Beckert
The Altérra Fund, which the United Arab Emirates announced at COP28, is intended to facilitate urgently needed investments in the energy transition in the Global South on a large scale. The billion-euro project is now set to get underway. However, a decision in favor of a gas project is controversial.
By Christian Mihatsch
In 2024, the consumption of natural resources remains significantly above sustainable levels. The debate on a more frugal use of energy and resources is gaining importance, yet political momentum is still lacking.
By Lukas Bayer
As the host country of COP29 in Baku in November, Azerbaijan has now defined goals for the conference and published its plans. Among other things, the country wants to collect one billion dollars from fossil revenues in a voluntary fund for climate action.
By Bernhard Pötter
At the "Third Plenum", China named the reduction of CO2 emissions as an important political goal. Politicians are currently negotiating a new climate plan (NDC). The rapid expansion of renewables and reports that CO2 emissions have peaked should not obscure the challenges. Three factors are slowing down China's climate policy.
By Nico Beckert
If the Republican Party has its way, fossil fuels still have a long life ahead of them. The election program emphasizes the importance of expanding them for the benefit of the country and its economy. Existing regulations should be abolished.
By Carsten Hübner
