* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, July 11, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    SMPTE Opens Early Bird Registration for Media Technology Summit – TVTechnology

    SMPTE Launches Early Bird Registration for Exciting Media Technology Summit

    Google Fiber puts Nokia network slicing technology to the test – Fierce Network

    Google Fiber Puts Nokia’s Network Slicing Technology to the Ultimate Test

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    Technology And Construction Names Join Top Stock Lists: Check Out Additions To IBD 50, Big Cap 20 And More – Investor’s Business Daily

    Technology and Construction Leaders Surge Into Top Stock Rankings: See the Latest Additions to IBD 50, Big Cap 20, and More

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    SMPTE Opens Early Bird Registration for Media Technology Summit – TVTechnology

    SMPTE Launches Early Bird Registration for Exciting Media Technology Summit

    Google Fiber puts Nokia network slicing technology to the test – Fierce Network

    Google Fiber Puts Nokia’s Network Slicing Technology to the Ultimate Test

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    Technology And Construction Names Join Top Stock Lists: Check Out Additions To IBD 50, Big Cap 20 And More – Investor’s Business Daily

    Technology and Construction Leaders Surge Into Top Stock Rankings: See the Latest Additions to IBD 50, Big Cap 20, and More

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Europe Election Will Show What Voters Really Think of Green Deal

June 1, 2024
in Business
Europe Election Will Show What Voters Really Think of Green Deal
Share on FacebookShare on Twitter

The upcoming parliamentary election will show how the world’s most ambitious climate plan is playing with voters five years after its inception.

Author of the article:

Bloomberg News

Bloomberg News

Ewa Krukowska, Samy Adghirni and Petra Sorge

Published Jun 01, 2024  •  6 minute read

Farmers protest near dumped hay outside the European Parliament in Brussels, on Feb. 1. Photographer: Cyril Marcilhacy/BloombergFarmers protest near dumped hay outside the European Parliament in Brussels, on Feb. 1. Photographer: Cyril Marcilhacy/Bloomberg Photo by Cyril Marcilhacy /Bloomberg

(Bloomberg) — The world’s most ambitious climate plan has become a major political liability.

Public support for the European Union’s Green Deal, aimed at eliminating carbon emissions by 2050, is under threat as an energy crisis hits voters’ wallets. A flood of incentives for clean technologies unleashed by the US and China has also stoked concerns that Europe’s sticks-over-carrots approach will make it less competitive.

Advertisement 2

This advertisement has not loaded yet, but your article continues below.

Financial Post

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others.Daily content from Financial Times, the world’s leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.

SUBSCRIBE TO UNLOCK MORE ARTICLES

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others.Daily content from Financial Times, the world’s leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.

REGISTER / SIGN IN TO UNLOCK MORE ARTICLES

Create an account or sign in to continue with your reading experience.

Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.

Sign In or Create an Account

or

Article content

The extent of the damage will be made clear when citizens vote in parliamentary elections from June 6 to June 9. In their campaigns, leading mainstream candidates have shifted from framing the climate action as a way for Europe to lead globally to focusing on how they’ll protect domestic industries and limit the cost to households. Meanwhile, discontent over everything from boiler bans to sustainable farming directives has helped climate-skeptic right-wing parties gain support.

“Many people feel the democratic parties have failed to find credible solutions to their daily problems and they view the climate transition as a financial burden at a time when their finances are already stretched,” said Dirk Messner, president of Germany’s Environment Agency. “They turn to populists out of protest.”

While polls show that a coalition of mainstream parties is forecast to retain a majority in the EU Parliament for its next five-year term, the gravity is shifting to the right. Far-right groups are set to increase their number of seats, even if their rise has lost some steam in recent weeks.

By signing up you consent to receive the above newsletter from Postmedia Network Inc.

Article content

Advertisement 3

This advertisement has not loaded yet, but your article continues below.

Article content

In a survey by the Institute for European Environmental Policy released in May, 67% of experts saw the elections negatively impacting the implementation of climate reforms. While the majority believed the Green Deal’s objectives would be turned into approved legislation, they also expected that to happen in a weakened or more constrained form.

Funding Hurdles

The challenge for the next European Commission, which will be formed after the vote, and the 27 member states, will be to find more funding for the Green Deal even as other pressures mount. Many member states want to boost defense spending amid a worsening geopolitical environment following Russia’s invasion of Ukraine.

It’s a dilemma with no easy solution. Economic growth is sluggish, inflation is sticky and government budgets are strained just as the EU approaches the hardest stretch of its net-zero campaign. The bloc had barely started including the agriculture sector in its green regulations when it was forced to soften the policies after farmers blocked highways and dumped manure in the streets.

Advertisement 4

This advertisement has not loaded yet, but your article continues below.

Article content

In 2027, it’s set to launch a new carbon market to cut pollution from heating and road transport fuels — a move that will impact consumers. By 2035, all new passenger cars will need to be emissions-free, effectively putting an end to the internal combustion engine.

“There’s a perfect storm brewing,” said Simone Tagliapietra, senior researcher at the Bruegel think tank in Brussels. Those measures will hit consumers just as the EU reduces green grants, he said. “That will only help the far-right parties’ narrative of putting the blame on Brussels.“

The backlash has overshadowed the achievements of the Green Deal. The EU managed to overcome national differences and adopt a massive package of measures to reach a tougher emissions reduction goal of least 55% by 2030 from 1990 levels. Pollution dropped 32.5% from 1990 to 2022, even as the economy grew by 67%. Even so, the bloc will need to accelerate its deployment of renewable energy, climate-friendly infrastructure and clean technologies to meet its targets.

By the EU’s own estimates, the continent needs to invest about €1.5 trillion per year in its energy and transport systems to reach net zero, with the bulk coming from private finance. That’s a surge from the €863 billion it spent on decarbonizing the sectors each year between 2011 and 2020. But the current biggest public source of funding for the green transition — a post-pandemic €750 billion recovery program — is nearing its end and nations are split over new potential financing tools, including issuing joint debt.

Advertisement 5

This advertisement has not loaded yet, but your article continues below.

Article content

“The elections will be a reality check for the Green Deal,” said Ingo Ramming, head of carbon markets at Banco Bilbao Vizcaya Argentaria SA in Madrid. The policies were born during a “Goldilocks economy” but now there’s “higher interest rates and energy prices,” he said, “and the realization that industrial decarbonization will require a lot of money.”

Implementation Challenge

The Green Deal was premised on being able to build momentum through carefully planned policies that take effect over the coming decades. A poor showing at this election and wrong choices over the next five years could set the bloc back for more than just one election cycle, according to Poland’s deputy climate minister Krzysztof Bolesta.

“There’s a lot of measures we need to implement,” he said. “This implementation needs to be such that the politicians doing the job can be re-elected to continue the transformation.”

Part of the original bargain with voters was that the EU would fill a Social Climate Fund with proceeds from its new carbon market to help shield the most vulnerable companies and citizens from the costs of the green transition. It’s expected to bring in at least €86 billion from 2026 to 2032. Larger companies can also tap a separate Innovation Fund, currently valued at €40 billion.

Advertisement 6

This advertisement has not loaded yet, but your article continues below.

Article content

None of that has been enough to allay concerns from leaders who are facing backlash from their constituents.

Still shaken by the Yellow Vest protests in 2018, French President Emmanuel Macron’s administration sees energy prices as an explosive topic and mitigating the financial burden of more green measures as a terrifying issue, according to two government officials. In Germany, a proposal led by economy and climate minister Robert Habeck to ban new fossil-fuel boilers backfired badly, forcing him to admit he had gone too far.

Climate Risks

Reversing course isn’t an option for Europe, which is warming faster than any other region. The continent experienced its largest wildfire on record last year, as well as one of its costliest-ever floods, according to scientists at the Copernicus Climate Change Service and World Meteorological Organization.

“As we enter the implementation phase of the green deal it’s fair to look into the competitiveness issue and face it, provided that this is not used as an argument for delaying the transition” said Chiara Di Mambro, head of decarbonization policy at the Italian climate change think tank Ecco.

Advertisement 7

This advertisement has not loaded yet, but your article continues below.

Article content

But analysts and government officials say there’s a real risk that member states will implement agreed-upon measures too slowly and some governments may seize on a right-ward tilt in the new parliament to water down existing regulations, such as the new carbon market or car emissions rules. The latter has a review clause in 2026 that may pave the way for opponents to seek delays in phasing out the combustion engine.

The more hostile political environment also puts a question mark over a new interim target that’s been floated by the commission — cutting emissions 90% by 2040, which would put the EU back on track to meet its 2050 net-zero goal. It needs support from member states and the new European Parliament to become binding.

The Green Deal’s success relies on member states making hard choices and it’s worrying that politicians are shying away from the issue, said Eleonore Caroit, vice president of the French National Assembly’s foreign affairs committee and a member of Macron’s Renaissance party.

The Green Deal “is one of the most ambitious and impactful pieces of legislation passed by the EU Parliament in decades,” she said. It “must remain a top priority.”

Article content

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Financial Post – https://financialpost.com/pmn/business-pmn/europe-election-will-show-what-voters-really-think-of-green-deal

Tags: businessElectionEurope
Previous Post

UK Survey of Executives Finds Confidence at Highest Since 2021

Next Post

Charting the Global Economy: Europe Inflation Picks Up Before ECB Meeting

South Korea’s Yoon detained for a second time over martial law – Al Jazeera

South Korea’s Yoon detained for a second time over martial law – Al Jazeera

July 11, 2025
2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

July 10, 2025
Bulldogs Land Eight on Athlon Sports Preseason All-CUSA Team – LA Tech Athletics

Bulldogs Shine with Eight Players Named to Preseason All-CUSA Team

July 10, 2025
ECOLOGY ACTION CENTER – Ad from 2025-07-06 – The Pantagraph

See How the Ecology Action Center is Revolutionizing Environmental Change

July 10, 2025
Climate Disasters Like Texas Floods Moving Faster Than Science Can Keep Up – The Energy Mix

Climate Disasters Like Texas Floods Moving Faster Than Science Can Keep Up – The Energy Mix

July 10, 2025
The Best Science Fiction Novels to Read Right Now – The New York Times

Top Science Fiction Novels You Can’t Miss Right Now

July 10, 2025
This is the Summer of CoAqua. CoAqua Isn’t Just a Coconut Water — It’s a Lifestyle Brand That Disrupted the Hydration Game with Bold Flavors, Design-Forward Packaging, and a Good Mission – Nosh.com

This is the Summer of CoAqua. CoAqua Isn’t Just a Coconut Water — It’s a Lifestyle Brand That Disrupted the Hydration Game with Bold Flavors, Design-Forward Packaging, and a Good Mission – Nosh.com

July 10, 2025
Manchester United hope new stadium will host 2035 World Cup final, aim to finish project in 5 to 6 years – The New York Times

Manchester United hope new stadium will host 2035 World Cup final, aim to finish project in 5 to 6 years – The New York Times

July 10, 2025
Alaska is America’s worst state for business in 2025 as falling oil prices sink economy – CNBC

Alaska Braces for Toughest Business Climate in 2025 Amid Plummeting Oil Prices

July 10, 2025
Access Health CT expects significant drop in insurance enrollees as aid ends, Medicaid cut – CT Insider

Access Health CT Faces Steep Drop in Insurance Enrollments After Aid and Medicaid Reductions

July 10, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (714)
  • Economy (737)
  • Entertainment (21,626)
  • General (15,817)
  • Health (9,774)
  • Lifestyle (744)
  • News (22,149)
  • People (739)
  • Politics (748)
  • Science (15,955)
  • Sports (21,236)
  • Technology (15,723)
  • World (720)

Recent News

South Korea’s Yoon detained for a second time over martial law – Al Jazeera

South Korea’s Yoon detained for a second time over martial law – Al Jazeera

July 11, 2025
2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

July 10, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version