The European Parliament appears to have made the terms of the energy transition funding stream for public sector entities more favorable by securing a bigger slice of non-repayable grant cash for the bloc’s most deprived regions.
The bloc should accelerate investment into mining and processing within its shores, as well as ramping up recycling, according to European employers and trades unions, with coal workers already equipped with the necessary transferable skills.
Re-elected South Korean president Moon Jae-in today declared he will follow-up on a campaign trail promise to eliminate carbon emissions by mid century. The announcement comes just two days after Japan’s new prime minister said he would accelerate his nation’s emissions target.
A study into the potential pitfalls of the shift to clean power in the nation’s coal-dependent energy mix, pointed out almost all of South Africa’s solar farms are far to the south and west of the coal regions likely to bear the brunt of job losses in a country which already has 29% unemployment.
Although decried for lacking ambition and as an abdication of responsibility in some quarters, the climate law proposed by the European Commission may be more ambitious than it first appears, as Felicia Jackson, from the center for sustainable finance of the School of Oriental and African Studies at the University of London – considers here.
European Parliament groupings, renewable energy associations and climate activists have voiced disappointment at the EU Climate Law officially unveiled yesterday. Lack of a raised emission-reduction ambition to 2030 is at the heart of the opposition, with critics saying the plan will be insufficient to help prevent global temperatures rising more than 1.5 degrees Celsius.