Climate Change Archive

The dramatic rise of fuel prices worldwide, triggered by Russia’s invasion of Ukraine, has set alarm bells ringing. With millions of people struggling to afford “record-high” prices of gasoline and diesel, many governments are now looking into introducing subsidies or tax discounts to alleviate the financial burden placed on their citizens. These initiatives are much needed. They could offer valuable relief to the poor, who have been hit hardest by the price hikes, and could prevent anger over cost-of-living increases from congealing into domestic political crises. However, they also showcase how short-sighted and reactive most governments of today are, considering policies like […]

Lawmakers in the European Parliament rejected three major pieces of climate legislation in a plenary vote held yesterday in Strasbourg, dealing a blow to the European Union’s efforts to meet a 2030 target to reduce carbon emissions by at least 55 percent. The proposals reforming the EU’s carbon market were killed by left-wing lawmakers not because they oppose a carbon border tax, but rather because they argue the legislation had been watered down by a number of industry-friendly amendments tacked on by conservative MEPs. The Carbon Border Adjustment Mechanism, a key component of the EU’s mammoth “Fit for 55” climate legislation […]

Last week, the United Nations held the Stockholm+50 conference, a two-day international meeting celebrating 50 years of global action on climate change. The first iteration of this event in 1972—the United Nations Conference on the Human Environment, which also took place in Stockholm, Sweden—saw countries come together to acknowledge their responsibility to “defend and improve the human environment for present and future generations,” and led to the creation of the U.N. Environment Program, which is still active today. Five decades after that first meeting, Stockholm+50 was intended as an opportunity to reflect on the progress that has been made, and to “springboard” further action toward accomplishing […]