Powerful financial players are still investing in the fossil fuel industry. Yet these investments are no longer legally defensible, write Bevis Longstreth and Connor Chung in the Viewpoint. A decision by the billionaire Harvard Foundation could now have far-reaching consequences for institutional investors.
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In addition to CO2 offsets, Wilfried Rickels and Christine Merk call for a market for certificates from the removal of CO2 from the atmosphere. According to the experts from the Global Commons and Climate Policy Research Centre at the Kiel Institute for the World Economy, COP26 could set the course for this.
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The European Union and the US want to cooperate on decarbonizing the steel and aluminum industry. The agreement offers the chance for a better coordination of climate policies, says Susanne Dröge of the German Stiftung Wissenschaft und Politik. However, the exclusion of China could prove counterproductive.
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Cities are responsible for a large share of greenhouse gases and at the same time play an important role in climate protection. Mike Bloomberg, Special Representative for Climate Action of the UN Secretary-General and Co-Chair of the Global Covenant of Mayors for Climate Energy, and Commission Vice-President Frans Timmermans call on governments to provide more support to mayors.
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Achieving the warming target is not primarily about making sacrifices, argues the head of the US research organisation RMI. Rather, a rapid shift to renewable energy could save trillions of dollars.
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Where are the Europeans? The UN climate conference in Glasgow must urgently deliver concrete results, writes former EU Climate Action Commissioner Connie Hedegaard in her position paper. It is up to the EU to take a stand, especially with regard to poorer countries.
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How can global emissions be reduced? COP26 will not provide a satisfactory answer, writes Susi Dennison of ECFR. But that is where Europe comes in – the EU has some tools at its disposal to use its climate power more effectively.
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As the European Union debates the new draft directive on corporate sustainability reporting and associated sustainability standards, new evidence shows that the proposed legislation will save costs and improve competitiveness across Europe and for all businesses, writes ex-MEP Richard Howitt.
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Europe's economies would be affected to varying degrees by a rising carbon price – most severely the Eastern European countries. Thieß Petersen of the Bertelsmann Stiftung explains why and proposes how a divide in Europe could be prevented.
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A sustainable single market needs common cybersecurity and cyber defense, write Annegret Bendiek and Matthias Schulze of the German Institute for International and Security Affairs (SWP). But member states still think in national categories of stability and security in Europe.
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