Search results

Drought could be a defining issue in Spanish elections

Location:

SPAIN

April was the hottest and driest month since records began in 1961. Drought is harming agricultural production and pushing up food prices; it has become a key issue ahead of…

Second-half economic recovery will be muted in Peru

Location:

PERU

Peru is already in technical recession, reflecting both adverse domestic and international conditions. Private investment, including in the all-important mining sector, has…

Extreme weather puts South-eastern Europe under strain

Location:

BALKANS

Climate change is increasing the frequency of extreme weather events that strain states' emergency response and fiscal resources. The latest wave of disasters showed no country in…

International climate finance will remain inadequate

Location:

INTERNATIONAL

The move comes amid growing pressure for action to address climate change and help developing nations adapt to its impacts, and tensions between developed and developing countries…

Carbon offsets face credibility issues globally

Location:

INTERNATIONAL

This system is at the heart of corporate ‘net zero’ pledges. However, offsets are also controversial, with critics claiming that they are not just ineffective, but sometimes even…

Climate finance will grow but huge challenges persist

Location:

INTERNATIONAL

Climate investment globally topped USD1tn last year but remains well short of the estimated USD8tn requirement. Most funding goes to developed economies and mitigation projects…

Flash floods will increase in frequency in the Gulf

Location:

GULF STATES

The Gulf countries experienced the heaviest rainfall in 75 years over the period April 14-18. Dubai was hit by precipitation levels of around 250 millimetres within 24 hours…

EU supply chain law faces major obstacles in Germany

Location:

EU/GERMANY

The vote was lost following Germany’s decision to oppose the directive, which encouraged others to abstain. There are only a few weeks left for the Council to vote again on the…

US states are taking more action on the use of ESG

Location:

UNITED STATES

Republican states wanting to stall ESG practices are passing legislation limiting their use by financial services firms such as asset managers and banks. However, resultant…

Costa Rica’s economy looks strong despite challenges

Location:

COSTA RICA

The economy thrived on the back of vigorous external demand last year, resulting in a 12.2% expansion driven by free trade zones and a robust recovery of fixed investment.