Three quarters of the EU's external trade volume and almost one third of its internal trade volume is shipped by sea. Maritime transport is indispensable for the EU. But it has a shortcoming: It emits CO2 almost unchecked. And so far there are hardly any solutions for making shipping greener in line with the Green Deal.
By Lukas Knigge
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.
By Redaktion Table
A joint declaration on the global phase-out of internal combustion vehicles from 2040 onward is not only finding supporters at the UN Climate Change Conference. Germany is hesitant, Volkswagen rejects the agreement. Meanwhile, Greenpeace announces it will sue the carmaker for insufficient climate protection measures.
By Timo Landenberger
