LAST UPDATE: 23:53 After 18 months of negotiations and a night of marathon debates, the US Senate approved Joe Biden’s major climate and health plan, handing the US president a major victory less than 100 days before the midterm elections. With their own votes alone, Democrats approved the more than $430 billion program, which will […]
Tag: climate crisis
PPC is committed to the Science Based Targets initiative (SBTi) to reduce emissions
Today, more than ever, global action is needed to address the emerging threats associated with the climate crisis. The Public Electricity Company S.A. (PPC), the largest energy company in Greece, has been in a transformation process since 2019 into an economically and environmentally sustainable, modern digital energy company. PPC recently responded to the challenge of […]
OECD: Rich countries have failed to meet their climate finance target
Rich countries have failed to meet a long-standing pledge to provide $100 billion to help poorer countries deal with climate change, the OECD said today. In 2009, developed countries pledged that by 2020 they would transfer $100 billion per year to vulnerable countries affected by worsening climate-related impacts and disasters. In fact, they provided $83.3 […]
Scholz: Germany will do ‘everything’ to combat the climate crisis
Germany will persist in fighting climate change despite having to rely on phased-out power plants to offset the effects of energy shortages caused by Russia’s invasion of Ukraine, Chancellor Olaf Scholz said, according to Bloomberg. “The fact that we now have to temporarily use some power plants that have already been shut down due to […]
The G7 concludes agreements on the phasing out of coal
The Group of Seven has reached specific agreements on the phasing out of coal production and the expansion of renewable energy production, German Environment Minister Steffi Lemke said on Friday, according to German media RTL / ntv. The commitment will mark the first commitment by the G7 to abandon coal-fired energy – the use of […]
Κρ. Georgieva: Climate crisis causes serious disruption to lives and livelihood
“The climate crisis is already causing serious disruption to life and livelihoods. With just 1.1 degrees Celsius rising in temperature, half the world’s population is experiencing uncertainty about water for at least a month a year. the region “, said the director general of the International Monetary Fund (IMF), Kristalina Georgieva. The IMF Managing Director […]
Guterres: People are walking with their eyes closed towards climate catastrophe
UN Secretary-General Antonio Guterres warned today that despite the “deterioration” of the situation, major economies are still letting their greenhouse gas emissions continue to rise. they increase. The goal of reducing the temperature rise to 1.5 degrees Celsius from pre-industrial times, the most ambitious goal of the Paris Agreement, is “intensive”, he said at a […]
How well do Greek banks withstand the energy crisis?
By Leonidas Stergiou The recent spike in energy prices that has sparked inflation and threatened growth shows in the most obvious way the risk of a problematic green transition in line with EU targets. for the climate in 2050. Especially if the jump in energy prices is combined with natural disasters, such as droughts and […]
ECA: EU policies for energy taxation are not in line with its climate targets
Energy taxation may support efforts to combat climate change, but current tax levels do not reflect the extent to which various energy sources are polluting, according to the European Court of Auditors. An overview published today by the ECA summarizes how energy taxes, carbon pricing and energy subsidies contribute to the EU ‘s climate targets. […]
ELGA Vice President: Dealing with the effects of climate change on two fronts
The policy that will be followed by ELGA to deal with the effects of climate change in the primary sector will consist of two axes, as stressed by the Vice President of the Insurance Organization, Nikos Doukas in an interview with the Athenian-Macedonian News Agency. Among other things, it is positive that the territory will […]