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The EU should welcome a green subsidy race
To IRA or not to IRA? That is the question for EU leaders as they try to agree on how to respond to the Inflation Reduction Act, Washington’s belated but punchy commitment to subsidise the green transition.
Extinction Rebellion abandons disruptive climate protests in UK
Extinction Rebellion, the environmental group that has targeted the City of London, announced on Sunday it would suspend acts of public disruption in the UK and focus instead on mass demonstrations.
COP15: UN pushes to end to $1.8tn in subsidies linked with harm to nature
The UN development chief has warned against “illogical” and “perverse” subsidies to industries estimated at $1.8tn that harm the planet, as the body pushes for a global deal to reverse the widespread destruction of nature.
Gillian Tett: Silence on biodiversity is deadly
When Egypt hosted the COP27 climate change talks last month, political heat was triggered — as well as noise. But when the so-called COP15 biodiversity talks started last week in freezing Montreal, there was near silence on the global stage.
Catastrophe reinsurance set to soar after year of extreme weather, industry warns
Property catastrophe reinsurance premiums are about to soar as some companies have been forced to leave the market after another year of extreme weather, the industry has warned.
‘Green hushing’ on the rise as companies keep climate plans from scrutiny
A trend known as “green hushing” is growing as companies are increasingly choosing not to publicise details of their climate targets in an attempt to avoid scrutiny and allegations of greenwashing, a new study showed.