SWEDEN

Three reasons to support environmental defenders

Retrieved on: 
fredag, april 19, 2024

So much so that after his visit to the UK in January, Michel Forst, the UN representative for environmental defenders, stated that he found their treatment “extremely worrying”.

Key Points: 
  • So much so that after his visit to the UK in January, Michel Forst, the UN representative for environmental defenders, stated that he found their treatment “extremely worrying”.
  • This ambitious international environmental agreement, which I have spent more than ten years studying and writing a book about, was designed to empower and protect environmental defenders.
  • But environmental defenders insist that these desperate and disruptive actions are nothing compared to the risks that political inaction pose to human health and that of our planet.
  • Here are three reasons not to be mad at the protestors.

1. Democracies depend on citizen engagement

  • Healthy democracies welcome and depend on an active and engaged citizens to thrive.
  • These examples are all worrying signals for the state of our democracy, and our planet.
  • The repression and criminalisation of environmental protesters and those undertaking acts of civil disobedience spells trouble for our democracies as well as our planet.

2. Environmental problems need diverse solutions

  • Environmental harm can operate in ways that are not always well understood by those in power.
  • Planetary problems therefore need a diverse range of solutions and everyone affected needs to be represented and have their interests heard.
  • The Aarhus Convention also promotes active public participation in relation to environmental decision-making.

3. Suppressing protest won’t solve the planetary crisis

  • Lethal air, filthy rivers, collapsing food chains, the climate crisis – these problems will all continue unabated, and soon become much more inconvenient than having to get off the bus to walk the last mile to work.
  • Forst, in his report, puts it like this: “states must address the root causes of mobilisation” not the mobilisation itself.


Emily Barritt is a trustee of the Environmental Law Foundation

Press release - Geopolitical situation makes voting in European elections even more important

Retrieved on: 
torsdag, april 18, 2024

The European Parliament’s last Eurobarometer survey before the elections in June reveals awareness among citizens and concern for the current geopolitical context. Source : © European Union, 2024 - EP

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The European Parliament’s last Eurobarometer survey before the elections in June reveals awareness among citizens and concern for the current geopolitical context. Source : © European Union, 2024 - EP

Scotland is ditching its flagship 2030 climate goal – why legally binding targets really matter

Retrieved on: 
torsdag, april 18, 2024

The target was statutory, meaning it had been set in law in the Emissions Reduction Targets Act of 2019.

Key Points: 
  • The target was statutory, meaning it had been set in law in the Emissions Reduction Targets Act of 2019.
  • Scotland is still subject to the 2030 carbon target for the UK as a whole.
  • The consistent implementation of the existing targets, in other words, is the difference between meeting the Paris objectives and condemning the planet to dangerous climate change.

Legally (but not literally) binding

  • In 2017, Sweden was the first major economy to enact a statutory net zero target.
  • Its net zero target is complemented by a series of intermediate steps: five-yearly carbon budgets, which are also legally binding.
  • Legal scholars have long known that, even though the targets are legally binding, they would be difficult to enforce against an unwilling government.

Governments in the dock

  • The plaintiff was the environmental law charity ClientEarth, which remains dissatisfied with the strategy and returned to court in February 2024.
  • If successful, such a move would be the latest in a series of court cases in which judges have ordered governments to scale up their climate ambitions.
  • The political embarrassment of missing a statutory target, or being subject to a court case, can focus the mind.
  • A review of the UK Climate Change Act found that civil servants were petrified about the threat of a judicial review.
  • Scotland’s decision to abandon its 2030 climate ambition is the most brazen violation of a statutory climate target yet.


Don’t have time to read about climate change as much as you’d like?
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Sam Fankhauser receives funding from the University of Oxford's Strategic Research Fund for Oxford Net Zero and the UK Economic and Social Research Council (ESRC) for the Place-based Climate Action Network (PCAN).

Central bank digital currency and monetary policy implementation

Retrieved on: 
torsdag, april 18, 2024

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    ABB Ltd: Tarak Mehta to leave ABB

    Retrieved on: 
    onsdag, april 10, 2024

    ABB announced today that Tarak Mehta, President Motion Business Area and Member of the Executive Committee, has decided to leave ABB since he has accepted the role as CEO of another company.

    Key Points: 
    • ABB announced today that Tarak Mehta, President Motion Business Area and Member of the Executive Committee, has decided to leave ABB since he has accepted the role as CEO of another company.
    • Tarak will leave ABB at the end of July this year.
    • Tarak joined ABB in 1998 and has since then held a number of positions of increasing responsibility in the United States, Sweden and Switzerland.
    • I wish the ABB team a continued bright future,” said Tarak Mehta.

    EQS-News: GRENKE starts year with a strong Contribution Margin 2 in Q1 2024

    Retrieved on: 
    onsdag, april 10, 2024

    New leasing business increases 9.8% to EUR 669.8 million (Q1 2023: EUR 610.2 million)

    Key Points: 
    • New leasing business increases 9.8% to EUR 669.8 million (Q1 2023: EUR 610.2 million)
      Contribution margin 2 (CM2) expands 10.4% to EUR 112.7 million (Q1 2023: EUR 102.0 million)
      CM2 margin reaches 16.8% (Q1 2023: 16.7%)
      Baden-Baden, April 4, 2024: GRENKE AG, a global financing partner for small and medium-sized enterprises, increased its new leasing business by 9.8% to EUR 669.8 million in the first quarter of 2024 (Q1 2023: EUR 610.2 million), in a continuation of its growth trend.
    • The contribution margin 2 (CM2) – an indicator of new business profitability – increased 10.4% to EUR 112.7 million (Q1 2023: EUR 102.0 million).
    • As a result, GRENKE increased its CM2 margin to 16.8% (Q1 2023: 16.7%) and thereby achieved its medium-term target of around 17%.
    • GRENKE Bank’s new lending business, which largely consists of the microcredit business, totalled EUR 8.7 million in the first quarter of 2024 (Q1 2023: EUR 12.8 million).

    EQS-News: Nordex Group receives 98 MW order from Sweden

    Retrieved on: 
    onsdag, april 10, 2024

    The Nordex Group has received an order from Holmen Energi AB for 98 MW in Sweden.

    Key Points: 
    • The Nordex Group has received an order from Holmen Energi AB for 98 MW in Sweden.
    • In summer 2025, the Nordex Group will supply and install 14 N163/6.X turbines for the Blisterliden wind farm in a forested area in the county of Västerbotten in the Northern of Sweden.
    • Patxi Landa, CSO of the Nordex Group: "We look forward to Holmen’s first project with Nordex.
    • Blisterliden is Holmen Group’s first project with the Nordex Group.

    EQS-News: Change of management in Plant Construction at EnviTec Biogas AG

    Retrieved on: 
    onsdag, april 10, 2024

    4 April 2024 – Stability and change have always been part of Plant Construction at Germany’s largest biogas producer EnviTec Biogas – and not just in the plant construction systems themselves but also as regards the makeup of top management in this foundational segment.

    Key Points: 
    • 4 April 2024 – Stability and change have always been part of Plant Construction at Germany’s largest biogas producer EnviTec Biogas – and not just in the plant construction systems themselves but also as regards the makeup of top management in this foundational segment.
    • Following a transitional period, the new trio becomes the management team at EnviTec Plant Construction – EnviTec Anlagenbau GmbH & Co. KG - with effect from 1 April 2024.
    • “The biogas market continues to develop apace and project volumes are increasing,” comments CTO and Plant Construction Managing Director Jürgen Tenbrink.
    • A relatively new face at EnviTec, Jakob Falkenstein joined the company a year ago as Head of Project and Construction Management.

    thyssenkrupp nucera Selected for $50 Million Grant from the U.S. Department of Energy

    Retrieved on: 
    onsdag, april 10, 2024

    thyssenkrupp nucera Selected for $50 Million Grant from the U.S. Department of Energy

    Key Points: 
    • thyssenkrupp nucera Selected for $50 Million Grant from the U.S. Department of Energy
      thyssenkrupp nucera has been selected for a $50 million grant by the U.S. Department of Energy (DOE) as part of the Bipartisan Infrastructure Law's funding of clean hydrogen and electrolysis manufacturing.
    • Bringing over 50 years of expertise in high-efficiency electrolysis technology and with the largest global AWE order backlog, thyssenkrupp nucera is dedicated to growing into the U.S. hydrogen market.
    • Houston, March 18, 2024 – The US Department of Energy (DOE) has selected thyssenkrupp nucera USA Inc. for a $50 million grant (pending negotiations) under the Bipartisan Infrastructure Law's investment in clean hydrogen and electrolyzer manufacturing.
    • With this major funding from the U.S. government, thyssenkrupp nucera aims to further expand its footprint in the North Amercian hydrogen market and support the global transition towards a cleaner, more resilient energy infrastructure.

    Thor Equities Group Chairman, Joe Sitt, Makes Guest Appearance on Bloomberg Markets to Discuss Inflation, Electric Vehicles, and More

    Retrieved on: 
    tisdag, april 9, 2024

    On Bloomberg Markets, Joe Sitt was asked about the competition among luxury retailers for properties, which he believes “tend to move cyclically with their stock prices and businesses”.

    Key Points: 
    • On Bloomberg Markets, Joe Sitt was asked about the competition among luxury retailers for properties, which he believes “tend to move cyclically with their stock prices and businesses”.
    • Finally, and most remarkably, Joe Sitt discussed electric vehicles, range anxiety, and the Electreon stock which increased 400% since he first mentioned the company on Bloomberg Markets one year prior.
    • Governments across the world are prioritizing electric roads and the company won government issued tenders for electric roads in France, Sweden, Germany, Israel, Norway and China.
    • Thor became interested in the company due to the real estate aspect of parking lots and the solution to difficulties of individual recharging.