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Brasiliens Präsident Lula hinter einem Rednerpult, hinter ihm hängen eine Flagge der Vereinten Nationen und eine Flagge Brasiliens

Fossil fuel phase-out: President Lula wants a roadmap for Brazil

President Lula wants to “gradually reduce” Brazil’s dependence on oil and gas. In 60 days, his government will present guidelines for a roadmap to achieving this goal. Experts say that the plan will only be credible if it addresses Brazil’s own oil production and provides sensible financing measures.

By Alexandra Endres

Eine Wärmepumpe steht an einer Hauswand

ETS2: Postponement leads to higher emissions

The postponement of the ETS2 emissions trading scheme to 2028 and a reform of the market stability reserve could initially drive up CO₂ prices, but cause them to fall in the long term. Analysts warn that this will weaken the incentives for clean technologies.

By Lukas Knigge