EU climate advisers are urging the bloc to stay firm on its 2040 climate target, warning that shortcuts could jeopardize long-term progress.
As the European Commission prepares to unveil a legally binding climate target of cutting emissions by 90% by 2040 (compared to 1990 levels), internal discussions are ongoing about potentially lowering the target or allowing international carbon credits to ease the pressure on domestic industries. The European Scientific Advisory Board on Climate Change (ESABCC) has pushed back strongly against this, cautioning that relying on overseas carbon offsets could weaken Europe's economic transformation.
In their latest analysis, the ESABCC emphasized that using international credits—such as funding reforestation in Brazil—might divert funds away from essential investments in local infrastructure and industry. While advocates argue that such credits help finance carbon-cutting projects in developing countries, the EU previously banned them in 2013 after a flood of ineffective credits crashed the carbon market.
Despite economic and geopolitical challenges, the ESABCC reiterated its 2023 recommendation of a 90–95% emissions cut by 2040, calling it both realistic and vital for meeting global climate goals. Achieving this would require a near-zero emissions power sector and the widespread electrification of heavy industry, yielding health, economic, and energy security benefits.
Japan has not received a request from Washington for its best trade proposals, despite a White House statement suggesting such letters were sent ahead of a Wednesday deadline.
Global tensions are rising as China’s curbs on critical mineral exports threaten to derail supply chains for automakers, defense firms, and tech giants around the world.
Mexico plans to formally request an exemption from the United States’ doubled steel tariffs, Economy Minister Marcelo Ebrard said, criticizing the move as unjust and economically unsound.
Smoke from intense wildfires burning across Canada has spread thick haze over parts of the US Midwest, causing “very unhealthy” air quality in Minnesota, Wisconsin, and Michigan on Tuesday.
Meta is turning to nuclear power to meet its rising energy needs for artificial intelligence and computing.
Japan has not received a request from Washington for its best trade proposals, despite a White House statement suggesting such letters were sent ahead of a Wednesday deadline.
Global tensions are rising as China’s curbs on critical mineral exports threaten to derail supply chains for automakers, defense firms, and tech giants around the world.
Mexico plans to formally request an exemption from the United States’ doubled steel tariffs, Economy Minister Marcelo Ebrard said, criticizing the move as unjust and economically unsound.
Smoke from intense wildfires burning across Canada has spread thick haze over parts of the US Midwest, causing “very unhealthy” air quality in Minnesota, Wisconsin, and Michigan on Tuesday.
Meta is turning to nuclear power to meet its rising energy needs for artificial intelligence and computing.
On May 28, the inauguration ceremony of Lachin International Airport was held.
Taxi drivers across France are protesting government plans to cut payments for driving patients to medical appointments. These cuts are part of a broader effort by Prime Minister François Bayrou to save €40 billion in the 2026 budget and reduce the country’s large deficit.
Brazil’s economy is expected to have regained momentum in the first quarter of 2025, driven by a surge in household spending and private investment, according to a Reuters poll of economists conducted from May 21–26.
As peace talks progress, voices from Yerevan, Tbilisi, and Baku reveal hopes, concerns, and expectations for a future shaped by trade, trust, and generational change in the South Caucasus.
In a major blow to one of President Donald Trump’s key economic policies, a US federal court has blocked the administration’s sweeping global tariff regime, ruling that the White House overstepped its constitutional authority.
Europe is facing yet another climate-driven drought, with hotspots like Spain, Cyprus, and Greece under severe alert. Hydropower, agriculture, and tourism are already feeling the pressure after an unusually hot spring.
South Korea will host World Environment Day 2025, with a strong focus on eliminating plastic pollution worldwide.
Leading Chinese and international scientists have called for stronger global cooperation to tackle pressing challenges and accelerate progress toward the Sustainable Development Goals, emphasizing the role of science and innovation in shaping a sustainable future.
A massive landslide in southern Switzerland this week buried the village of Blatten and blocked a river, creating a growing risk of flooding. Millions of cubic meters of ice, mud, and rock crashed down from a mountain on Wednesday, flooding the few buildings left in the village.
The Green Climate Fund (GCF)-backed project, “Strengthening Climate Resilience of Vulnerable Agricultural Livelihoods in Southern Iraq” (SRVALI), was officially launched on the sidelines of the 5th Baghdad International Water Conference.
Japan has not received a request from Washington for its best trade proposals, despite a White House statement suggesting such letters were sent ahead of a Wednesday deadline.
Global tensions are rising as China’s curbs on critical mineral exports threaten to derail supply chains for automakers, defense firms, and tech giants around the world.
Mexico plans to formally request an exemption from the United States’ doubled steel tariffs, Economy Minister Marcelo Ebrard said, criticizing the move as unjust and economically unsound.
Smoke from intense wildfires burning across Canada has spread thick haze over parts of the US Midwest, causing “very unhealthy” air quality in Minnesota, Wisconsin, and Michigan on Tuesday.
Meta is turning to nuclear power to meet its rising energy needs for artificial intelligence and computing.
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