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.
The United States has reneged on $4 billion in pledges it had made to the Green Climate Fund, marking the first time such a pledge has been rescinded for the fund. The United States has officially reneged
The European Commission is exploring a potential EU-wide tobacco levy to help fund its next long-term budget, according to a German government report seen by Euractiv. The idea, still in early stages,
The legislation would require crypto service providers to collect and share user data with the Dutch tax authority, in line with the EU’s reporting requirements to combat tax evasion. The Dutch government
In response to the looming threat of recession, European insurance industry leaders are doubling down on their digitalisation initiatives to enhance customer experiences and streamline operations, according