With the Glasgow Financial Alliance for Net Zero (GFANZ), private banks, insurers, and investors committed on Wednesday to put limiting climate change at the heart of their work. The firms manage a combined sum of around $130 trillion. However, the effectiveness of the project remains to be seen.
By Lukas Knigge
The decarbonization of energy-intensive industries such as the steel sector is crucial for achieving the global climate targets. However, the changeover is complicated and expensive. How it can still be achieved is one of the central questions at COP26.
By Timo Landenberger
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.
By Redaktion Table
France is relying on nuclear power to achieve its climate targets. President Macron wants to invest in small nuclear power plants in particular in order to drive forward the energy transition. To finance this, nuclear energy must be classified as sustainable in the EU taxonomy. But the new technology also harbors many problems.
By Charlotte Wirth
From the G20 summit in Rome at the weekend, the heads of state and government traveled straight on to Glasgow, where the 26th World Climate Conference got off to a flying start on Monday with the World Leaders Summit. Many were disappointed by the G20 final declaration, but there is also reason to hope.
By Lukas Knigge
