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The EU Commission's response to the multi-billion US Inflation Reduction Act for the promotion of green industries is insufficient, criticizes the lead MEP in the EU Parliament. The EU has no "business case" for decarbonizing the industry. It should promote more technology sectors and grant more subsidies. This is the demand made in the report of the responsible EU rapporteur, which is available to Table.Media in advance.
By Till Hoppe
The vice president of the EU Commission wants healthier soils and fewer pesticides in agriculture - and no break for decarbonization. In an exclusive interview with Claire Stam and the French media Contexte, Frans Timmermans defends his proposals for a Nature Restoration Law and the reduction of pesticide use against criticism. For COP28, he sees no other option than to talk to fossil fuel companies. A new EU climate target of minus 58 percent is possible, he says.
By Claire Stam
State attorneys from 23 Republican-ruled states accuse the Net-Zero Insurance Alliance of an antitrust violation. This puts the UN initiative for a climate-friendly transformation of the financial industry in the Republican anti-ESG campaign.
By Carsten Hübner
The G7 and experts are alarmed: Rising interest rates and capital flight jeopardize the urgently necessary energy transition in developing countries. High capital costs are slowing down the expansion of renewables. In Germany, too, low interest rates were not sufficiently utilized.
By Nico Beckert