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A $43 billion fund with its high-stakes bets is gambling with Europe s climate goal

The European Union s Innovation Fund, a 40 billion euros ($43 billion) investment initiative, has experiened early setbacks. These challenges raise concerns about achieving the EU s 2040 climate targets. Despite setbacks, the fund continues to allocate funding to innovative clean technologies, prioritizing investments with potential despite inherent risks.

United statesNorth seaOceans generalKurt vandenbergheThor magnus rovikIqony gmbBill gatesGiga arcticMichael bloombergDyonne rietveldPeter karasziAnn mettlerTanja braunMarcus ferdinandCatherine macgregorEuropean union

The $40 Billion Fund That s Gambling With Europe s Climate Goal

(Bloomberg) A solar panel manufacturer that’s laying off workers. A battery maker that spurned Europe for American subsidies. A green hydrogen project stalled for lack of electricity.Most Read from BloombergTrump’s Net Worth Drops $1 Billion as Social Media Firm SinksA Million Simulations, One Verdict for US Economy: Debt Danger AheadErdogan Suffers Historic Loss in Turkey Municipal ElectionsTrump Media’s Business Doesn’t MatterCaribbean Golden Passport Cost Soars to $200,000 on EU CrackdownT

United statesNorth seaOceans generalKurt vandenbergheBill gatesDyonne rietveldMichael bloombergThor magnus rovikPeter karasziMarcus ferdinandGiga arcticTanja braunIqony gmbCatherine macgregorAnn mettlerBloomberg businessweek

European Carbon Slumps Over 6% to Lowest in More Than Two Years

(Bloomberg) European carbon fell below €55 a ton for the first time in more than two years as falling gas prices combine with mild weather and soaring renewable energy production to sap demand for permits to pollute. Most Read from BloombergLargest Covid Vaccine Study Yet Finds Links to Health ConditionsTrump Keeps NY Empire Intact as Judge Rescinds Asset-Sale OrderWall Street’s Moelis Bet Big on the Middle East. Now He’s Cashing InChina Stocks’ Insipid Reopen Adds Pressure on Beijing to Do M

Bloomberg businessweekMarcus ferdinandEuropean unionEuropean commissionPer lekanderEuropean union

Renewable Power Is Booming in Europe and Crashing Its Carbon Market

Renewable Power Is Booming in Europe and Crashing Its Carbon Market
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Tim atkinsonEwa krukowskaMarcus ferdinandBloomberg europeEuropean unionEnergy james rosserJames rosser

The EU just kicked off its biggest climate experiment yet

The world’s largest single market has launched a bold plan to tax carbon at its borders. The rest of the world is paying close attention.

United statesBruxelles capitaleMarcus ferdinandAdolfo aielloEmily lydgateJoseph wintersEuropean commissionWorld trade organizationUniversity of sussexEuropean steel associationEuropean unionClimate deskCarbon border adjustment mechanismBrussels effectColumbia lawAnu bradford