Climate

As well as in 2008, the very necessary, unavoidable actions of central banks now in the Covid-19 crisis have massive side effects: cheap money is fostering asset price inflation, fueling inequalities. At the same time, central banks are still disregarding climate risk in the way they treat fossil assets as collateral.

The financial industry also sees the climate crisis as a threat to future speculation profits. Industry giants like BlackRock are calling for an end to fossil fuels and siding with the environmental movement.

December 12, 2020, will be the 5th anniversary of the adoption of the Paris Climate Agreement. This analysis provides important materials and pursues the questions: Where do we stand in dealing with the climate crisis? What false solutions must be avoided? And how can we push the urgently needed radical course change in pursuit of climate justice?

"Build back better" has been Joe Biden’s campaign promise. Climate policy is central to this, both in domestic and foreign policy. Ultimately, it is also a question of whether the Biden government can succeed in regaining lost credibility on the international stage.

Plastic is a material that used to be a symbol of progress and modernity. Now it represents an industry that subordinates everything to profit, even if the world is ruined in the process.

While the answer to when, and if, the post-COVID era will come remains uncertain, it is clear that sustainability is back in centre stage - no longer as the hip slogan of the 90s - but as a survival need.

The German government must fight for a Real Green Deal for Europe that combines economy and ecology and sets the course for a socio-ecological market economy. Dr. Ellen Ueberschär describes what that could look like.

The governments gathered in Madrid failed to embrace the urgent need for progress towards climate justice and higher ambitions.