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Europe's green transition to persistently boost inflation, ECB's Schnabel says

Europe’s effort to wean its economy off Russian gas is likely to be a persistent boost to inflation even beyond the current spike, European Central Bank board member Isabel Schnabel says.

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Photo by Ibrahim Boran on Unsplash

Southern European banks set for climate hit, ECB study shows

Banks in southern Europe are set to be among the hardest hit if climate change is not mitigated as their clients are most exposed to natural hazards such as wildfires, a European Central Bank study shows.

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Only quick shift to 'net zero' emissions will boost GDP: Report

Cutting planet-warming emissions to "net zero" by 2050 could lift growth and employment but would require an inflation-boosting $160 per tonne carbon price by the end of the decade, an umbrella group of the world's top central banks say.

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Europe could experience warmer than normal April-June, says Weather Company

Recent climate trends and models suggest cool, wet and windy conditions across northern and western Europe and hot and dry conditions in southern-eastern Europe.

john kerry climate politics

This must be the 'decade of action' on climate change, John Kerry says

This year's United Nations climate summit in Glasgow, Scotland must kick-start a decade of action to address the environmental crisis, U.S. climate change envoy John Kerry said on Tuesday during a visit to European Union headquarters in Brussels.

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Biden administration to consider carbon border tax as part of trade agenda: USTR

The Biden Administration says it will consider carbon border adjustment taxes to help cut greenhouse gas emissions in global trade and intends to pursue "strengthened enforcement" to ensure that China lives up to existing trade obligations.

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