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Climate (English)

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IMF: Subsidy reduction creates climate targets

A new report by the International Monetary Fund shows that government subsidies for fossil fuels reached a new record of seven trillion US dollars in 2022. A comprehensive reform could drastically lower global emissions, save millions of lives, and generate billions for countries to make necessary investments.

By Bernhard Pötter

What is in store for Europe's new climate commissioner

The new EU Climate Commissioner Wopke Hoekstra is not yet in office, let alone confirmed by all EU institutions. But the tasks he is expected to complete within a very short time are enormous. This is one reason why his critics are so skeptical. In the meantime, Šefčovič is supposed to finish the negotiations on the Green Deal in Brussels.

By Lukas Knigge