EU-China cooperation on trade emissions

The European Union has made significant progress in reducing greenhouse gas emissions within its borders, but a substantial share of its overall carbon footprint continues to originate overseas. According to data from the European Climate Foundation (ECF) and climate consultancy Matière, approximately 35% of the EU’s carbon footprint was generated abroad in 2023. The findings …

Negative energy prices challenge Europe

Europe’s rapid expansion of wind and solar power has strengthened energy independence and reduced reliance on fossil fuels, but it has also created a growing challenge: negative energy prices. When renewable generation exceeds electricity demand, wholesale prices can fall below zero, meaning producers effectively pay to supply electricity to the grid. Without sufficient energy storage …

UNEP warns of a global climate overshoot

The world is increasingly likely to temporarily exceed the Paris Agreement’s goal of limiting global warming to 1.5°C above pre-industrial levels. In 2024, average global temperature exceeded this threshold for the first time over a calendar year. Although climate targets are assessed over longer periods, the milestone illustrates how rapidly the planet is warming. Even …

Free trade can ease El Nino food shocks

A potentially exceptionally powerful El Nino is threatening to intensify pressure on global food systems already facing rising prices, geopolitical disruption and climate-related extremes. The weather pattern is expected to peak toward the end of the year, potentially bringing severe droughts, floods and storms to vulnerable regions. However, history suggests that the consequences will depend …