financing
Los Angeles (United States) (AFP) - What if Hollywood, a key Democratic financial pillar, cut off Joe Biden's campaign funding? That possibility now looms large after actor George Clooney and other wealthy donors urged the US president to withdraw from the White House race. "I love Joe Biden. But we need a new nominee," Clooney wrote in a column in the New York Times on Wednesday, after Biden's disastrous performance in a televised presidential debate against Republican rival Donald Trump rekindled fears around the 81-year-old's fitness for office. The statement dealt a serious blow to Biden...
AFP
EU energy ministers are due to discuss the business case for financing geothermal energy next week during an informal meeting in Budapest, according to an agenda seen by Euronews. Each national delegation will be asked to suggest new ways to “improve the commercial viability” of geothermal investments, notably incentives and cooperation between EU countries related to district heating and cooling — a system for distributing heat and cool generated in a centralised location through insulated pipes for residential and commercial use. Ministers will visit an operational geothermal drill in Tököl,...
Euronews (English)
Established 80 years ago, in July 1944, at a time before many developing countries had gained independence, the Bretton Woods institutions reflect the governance and priorities of a very different era. Yet, despite their shortcomings, the two institutions remain critical instruments through which European countries can mobilise climate and development finance for low- and middle-income countries — and, in doing so, pursue Europe’s own climate ambitions. The World Bank (often described simply as The Bank) plays a unique role in the international system. Its central function — to leverage shareh...
Euronews (English)
Paris (AFP) - US climate envoy John Kerry confirmed Wednesday the United States would lay out new financing commitments for the Paris Agreement to cut greenhouse gas emissions ahead of an April 22 summit, the pact's fifth anniversary. Kerry announced the pledge after talks with French Finance Minister Bruno Le Maire, part of a European tour to signal a fresh commitment to fighting climate change after ex-president Donald Trump had pulled out of the Paris accord. "We will announce our NDC at the April 22 summit or somewhere in the days before it," Kerry said, referring to the nationally determi...
AFP
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