Germany advocated expanding climate finance contributors to include wealthy, high-emission countries like China and Saudi Arabia, emphasizing the need for increased funds to support developing nations. The aim is to enhance the collective finance pool while maintaining leadership and responsibility among developed countries.
Discussions on the new target for climate finance to be provided to developing countries, replacing the 2009 goal of $100 billion, continue to be the focus in the run up to the Baku round of the UN climate talks. Germnay, among the top contributors of climate finance, is along with other developed countries pushing for expanding the group of countries that are obligated to provide developing countries with climate finance.
Hoping to head off a potential trade conflict, a top European Union official stressed the importance of active engagement and fairness in trade during a four-hour meeting with Trump administration officials.
Germany has come out against France’s proposal to retaliate against US-imposed tariffs on the EU by imposing taxes on major American tech companies, highlighting the difficulty Europe faces in
Press Release from Carey Olsen, Tuesday 14 May, 2024. Carey Olsen’s corporate team in Guernsey has advised Guernsey-registered East Africa-focused gold mining company, Shanta Gold Limited (“Shanta”),
Brazil has ended its tax exemption for small-scale crypto profits, introducing a 17.5% flat rate on all capital gains from digital assets. The new rule was announced under Provisional Measure 1303 as