In brief | 25 July '25
AP:
The two economic juggernauts issued a joint statement on climate change, urging more emission cuts and greater use of green technology and affirming their support for the as well as calling for strong action at the upcoming COP30 climate summit in Brazil.
Climate Home News:
While the two powers made no new commitments, experts say the cooperation agreement reafirms their climate leadership ahead of COP30
Reuters:
Trend reflects shifting priorities in Europe as some member states have scaled back green measures from budgets stretched by spending on defence and local industries.
Centre for European Reform:
The EU should include candidate countries in its ETS incentivise decarbonisation of carbon-intensive electricity and heavy industries. But this should be done gradually to prevent a high carbon price from crippling their economies.
IEEFA:
Gas-fired power growth is not driven by security of supply concerns but by an opportunistic financial goal of becoming an electricity exporter, says IEEFA report.
Agora Industry:
With over 90 percent of blast furnaces needing reinvestment by 2040, the region has a critical window to shift to low-emission steel, argues think tank report.
