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Report: EU companies finance a quarter of the 'carbon bombs'

According to a new report by CAN Europe, Friends of the Earth and other NGOs, a quarter of the world's largest fossil fuel extraction projects are operated or financed by EU companies and banks. The alliance calls for mandatory climate transition plans under the EU Due Diligence Act.

Von Leonie Düngefeld

September 5, 2023: Scientists For Extinction Rebellion group protesting at Westminster today.Scientists are hoping to to deliver a clear message to British MP s to stop licensing the fossil fuel companies. Britain is committed to granting hundreds of licences for North Sea oil and gas extraction as part of efforts to become more energy independent, drawing criticism from environmental campaigners.Prime Minister Rishi Sunak confirmed plans for more than 100 such licences, which attracted bids earlier this year and said hundreds of future licenses could also be granted. - ZUMAg173 20230905_zap_g173_015 Copyright: xVelarxGrantx
Feature

UK: More oil and gas, climate targets postponed

In a government statement, Rishi Sunak reaffirms his course on energy and climate policy: Maintaining the net zero target while extracting more oil and gas from the North Sea and reducing climate standards for buildings and transport. Opposition and experts decry regression.

Von Redaktion Table

September 5, 2023: Scientists For Extinction Rebellion group protesting at Westminster today.Scientists are hoping to to deliver a clear message to British MP s to stop licensing the fossil fuel companies. Britain is committed to granting hundreds of licences for North Sea oil and gas extraction as part of efforts to become more energy independent, drawing criticism from environmental campaigners.Prime Minister Rishi Sunak confirmed plans for more than 100 such licences, which attracted bids earlier this year and said hundreds of future licenses could also be granted. - ZUMAg173 20230905_zap_g173_015 Copyright: xVelarxGrantx
Analyse

Großbritannien: Mehr Öl und Gas, Klimaziele verschoben

Per Regierungserklärung bekräftigt Rishi Sunak seinen Kurs in der Energie- und Klimapolitik: Festhalten am Netto-Null-Ziel, gleichzeitig mehr Öl und Gas aus der Nordsee und weniger Klimastandards für Gebäude und Verkehr. Opposition und Experten monieren Rückschritte.

Von Redaktion Table

Climate Change Causes Sea Level Rise On The North Coast Of West Java KARAWANG, INDONESIA - JUNE 21: A drone view of the village at a coast affected by abrasion at Pisangan Beach in Cemarajaya Village of Karawang regency in West Java, Indonesia on June 21, 2023. The impact of sea level rise and tidal flooding have been out missing around 300 houses in coastal Karawang. Rob floods have destroyed and inundated several villages and urban centers including farm fields in nearly all parts of Karawang. Karawang Indonesia PUBLICATIONxNOTxINxFRA Copyright: xGarryxLotulungx originalFilename: lotulung-notitle230621_np9Pt.jpg
Analyse

Loss and Damage: So kann das Geld für den neuen Fonds fließen

Nach der Einigung auf eine Struktur für den „Loss and Damage Fonds“ ist immer noch unklar, woher das Geld dafür kommen soll – und wie viel es sein kann. Die UNCTAD hat jetzt die möglichen Quellen benannt: Bei politischem Willen ist viel Kapital verfügbar.

Von Bernhard Pötter