Analysis: is EU now the turtle of sustainability?
Just a few weeks after the UN climate conference COP26 in Glasgow, one of the European Commission’s most important initiatives in recent years is under fire: the “EU Taxonomy”. The reason is a number of EU Member States that want to admit natural gas - and even nuclear energy - to the list of green energy sources. Europe suddenly risks becoming “the laggard of the world”, critics have warned.
Chinese climate plan: "Clear and realistic"
Chinese President Xi Jinping, leader of the world’s largest CO2 emitter, is conspicuous by his absence at the COP26 climate summit in Glasgow. Critics consider the ‘unclear’ Chinese climate policy the nail in the coffin of the Paris Agreement.
WTW: climate transition is more than CO2 reduction
A number of investors choose to sell investments in fossil fuel producers. This reduces the CO2 emissions of the investment portfolio but only partially protects the investors against the risks of the climate transition.