Money, power and respect in the EU’s latest crisis
After relief at the agreement on EU spending priorities for 2021-27, the Brussels establishment was caught off-guard last week by vetoes from Hungary and Poland over the obscure-sounding “rule of law conditionality”. A requirement of the European Parliament and of a qualified majority of member states, this affects a tiny proportion of the €1.8 trn package, effectively…
As Biden’s cabinet takes shape, Yellen’s appointment as Treasury Secretary emphasises stability over ideology
With President-elect Joe Biden’s transition officially underway following the certification of voting results in several key battleground states, Biden has shifted his focus to naming his Cabinet and other key advisors for his administration. Biden’s appointments can serve as barometer as to how he will balance the progressive and moderate wings of his party. Given the…
Nature-based solutions: cost-effective and credible?
Not all solutions for mitigation and adaptation to climate change are technological. So-called ‘nature-based’ solutions are rapidly increasing in prominence, successfully breaking through conservation circles to mainstream policy since the 2019 Madrid UN climate conference.
Adaptation and resilience: Who builds? Who pays?
Over the last few years, climate finance investment has focused on mitigation over adaptation and resilience. A few things are probably driving this. One is the sense that adaptation and resilience are responses to potential physical changes still in the relatively distant future. Mitigation, by contrast, is seen as an urgent race to reduce emissions to forestall more…
The race for climate finance leadership
Last week, the City of London Corporation and the UK Green Finance Institute hosted a ‘Green Horizon Summit’. At the event, a package of proposals was unveiled by the UK government aiming to cement the UK as a global centre for green finance and signal something of the UK government’s post-Brexit vision for the City of London. Chancellor of the Exchequer Rishi Sunak’s…
What decisions are needed for the UK to achieve its hydrogen ambitions?
Energy & Commodities
With the prime minister set to make a set-piece speech next week on how the UK meets its net-zero commitment, the big question remains how far he will emphasise the importance of hydrogen to the country’s green ambitions. Pressure has been ratcheting up in the context of Europe and China committing substantial funds to hydrogen in their recovery plans, but the UK has not…