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Green Transition

All articles tagged with #green transition

business-environment1 year ago

"Yellen Monitors Surge in US Imports from Chile Amid Green Transition Progress"

U.S. Treasury Secretary Janet Yellen visited Chile and predicted a significant increase in U.S. imports of lithium from the country, emphasizing the importance of clean energy and the green transition. Yellen highlighted the potential for $3 trillion in global investment opportunities through 2050 and expressed the U.S.'s interest in expanding domestic production of critical minerals like lithium. She emphasized the benefits of strengthening ties with Chile, the world's largest copper producer and second largest lithium producer, and discussed the potential for expanded trade flows between the two countries.

via Reuters|
#business-environment#chile#green-transition
environment1 year ago

"Glacier Shrinkage Driving Green Transition, Study Finds"

A study published in Nature Geoscience reveals that glacier-fed streams are experiencing significant changes due to glacier shrinkage, leading to a "green transition" as microbial life flourishes in these ecosystems. As glaciers diminish, the streams become warmer, clearer, and calmer, allowing for increased primary production and altering nutrient compositions. This shift has implications for downstream ecosystems and biogeochemical cycles, highlighting the far-reaching impacts of global warming on mountain environments.

via Phys.org|
#environment#glacier-shrinkage#global-warming
business2 years ago

Nadia Calviño emerges victorious as EIB chief, Vestager withdraws from race

Spain's Finance Minister Nadia Calviño has been appointed as the next head of the European Investment Bank (EIB) after winning the support of EU countries. Calviño, who will start her role on January 1, 2022, defeated Margrethe Vestager, the EU digital and competition chief, in the contest. As the new EIB chief, Calviño will oversee the allocation of billions of euros in loans for infrastructure projects across Europe, as well as play a crucial role in financing the green transition and the rebuilding of Ukraine. Her appointment marks a victory for a socialist candidate from a southern country and is expected to have implications for other top EU positions.

via POLITICO Europe|
#business#european-investment-bank#finance-minister
climate-change2 years ago

"Biden's Path to Climate Leadership: Unveiling the Smoking Gun at COP28"

The Biden administration's climate plan, codified in federal law, aims to demonstrate the United States' commitment to fighting climate change. However, the plan's focus on domestic manufacturing and job creation, along with emissions-cutting, has raised concerns among other countries and may hinder global cooperation. The plan could be improved by addressing the mixing of objectives and reducing trade protectionism. By easing protectionist rules, promoting trade relationships with alternative sources of critical components, and sharing climate-related technology, the United States can encourage global decarbonization and signal its commitment to international cooperation. Additionally, incentives to develop advanced technologies under the plan could accelerate global adoption and reduce non-U.S. carbon dioxide emissions. The United States should emphasize its commitment to investing in and sharing new technologies to facilitate a global green transition.

via The Washington Post|
#biden#climate-change#climate-policy
climate-change2 years ago

"EU Takes Global Lead with Groundbreaking Carbon Border Tariff Initiative"

The European Union has initiated the first phase of the world's first carbon border tariff system, known as the Carbon Border Adjustment Mechanism (CBAM). This system aims to impose CO2 emissions tariffs on imported goods such as steel, cement, and others to prevent more polluting foreign products from undermining the EU's green transition. The EU importers will have to report greenhouse gas emissions embedded in the production of certain imported goods, and from 2026, they will need to purchase certificates to cover these emissions. The goal is to encourage global greener production and prevent European manufacturers from relocating to countries with lower environmental standards. The border levy is in line with World Trade Organization rules and seeks to raise climate ambition worldwide.

via Reuters|
#carbon-border-adjustment-mechanism-cbam#climate-change#co2-emissions-tariffs
international-relations2 years ago

Navigating China's Critical Minerals: Security Concerns and Technological Collaboration

The US has warned that the global green transition raises "complex" security concerns related to China, as the country's dominance in critical minerals and clean energy technologies could pose risks to supply chains and national security. The US is urging its allies to diversify their supply chains and reduce dependence on China, while also promoting domestic production and innovation in the clean energy sector.

via Financial Times|
#china#energy-transition#green-transition
politicseconomy2 years ago

"UAW Strike Challenges Bidenomics and Employer Confidence"

The ongoing UAW strike in the car industry is putting President Joe Biden's economic policies, known as Bidenomics, to the test. The UAW is demanding a 36% pay increase over four years, better pensions, healthcare for all retirees, and improved terms for new hires. Biden's focus on protecting manufacturing workers with tariffs and subsidies, particularly in the electric vehicle sector, is aimed at appealing to working-class families in swing states. However, this approach risks repeating the mistakes of the past, as protectionism and strikes could harm the industry's competitiveness and hinder the green transition. The outcome of the strike will determine how Biden's pro-union stance is perceived.

via The Economist|
#bidenomics#green-transition#politicseconomy
politics2 years ago

"Spain Assumes EU Council Presidency, Discusses Plans with EU Commissioners and Addresses Russian Attacks in Ukraine"

Spain has assumed the presidency of the EU Council, with a focus on the green transition and social justice. Spanish Prime Minister Pedro Sánchez met with European Council President Charles Michel to discuss the presidency's priorities, including reindustrialization, strategic autonomy, ecological transition, social and economic justice, and strengthening European unity. Spain also aims to make progress on legislative files such as electricity market overhaul, AI regulation, Russian asset confiscation, and EU fiscal rules review. Migration will be another key issue, with a recent preliminary deal on asylum seeker management facing resistance from Poland and Hungary. Despite an upcoming snap general election, Spanish officials assure that the presidency will proceed as planned.

via Euronews|
#eu-council#green-transition#migration
economics2 years ago

The Challenge of Adjusting to High Inflation.

The inflation surge of the past two years is a warning about what can happen when sudden changes in the things we want collide with massive disruptions in our ability to make them. The compounding effects of climate change and an aging and eventually shrinking population will reshape the economy and heighten inflation risks. Waiting until we have no choice risks more upheaval and more inflation. The most important thing we can do to mitigate the damage is to start preparing for these transitions now.

via Vox.com|
#aging-population#climate-change#economics
science-and-technology2 years ago

Rapeseed protein poised for human consumption breakthrough.

Researchers from the University of Copenhagen have identified the proteins responsible for storing bitter substances in rapeseed seeds, paving the way for the plant to be used as a direct food source for humans. The proteins can be removed using transport engineering, allowing the plant's bitter taste to be eliminated. Rapeseed is already a significant source of plant protein in the EU, and the research could support the green transition by reducing meat consumption. The discovery is the result of a 10-year grant from the Danish National Research Foundation to the DynaMo Center.

via Phys.org|
#glucosinolates#green-transition#plant-research
business2 years ago

Copper's Future in the Green Energy Race.

Copper, traditionally seen as a cyclical economic indicator, is also set to play a key role in the world's green transition, with green technologies such as electric vehicles and solar panels using more copper than equivalent fossil-fuel-based technologies. Glencore's pursuit of Teck Resources highlights the race to secure access to copper, as supply growth looks likely to fall far short of demand over the coming decade.

via The Wall Street Journal|
#business#copper#glencore