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“Climate change… is literally, not figuratively, a clear and present danger,” Biden said, announcing executive actions including $2.3 billion in investments to help build US infrastructure to withstand climate disasters.

Biden seeks to revive climate agenda as heat waves slam US, Europe

By: EBR | Thursday, July 21, 2022

President Joe Biden, thwarted by lawmakers and the Supreme Court, sought to revive his ambitions to tackle climate change as heat waves batter the United States and Europe

The discussions between Chinese Vice Premier Liu He and European Commission Executive Vice President Valdis Dombrovskis were “pragmatic”, “candid” and “efficient”, the Chinese Commerce Ministry said in a statement after the virtual talks.

EU, China hold trade dialogue, no mention of frozen pact

By: EBR | Wednesday, July 20, 2022

Against the backdrop of geopolitical tensions, European and Chinese senior officials held high-level trade talks, but remained silent over an investment deal frozen by disputes

"The paradox is that the rich West is attractive but not influential enough, both at the international and grassroots level".

How big and powerful is the West?

By: EBR | Friday, July 15, 2022

We often speak of the “collective West” as the bulwark for democracy, individual rights, a free market economy, and the rule of law. We assume that the bloc to which we belong is not only big and powerful but also influential and attractive

"If we want to create a sustainable, resilient, and inclusive future for all, we must collaborate better on these four major issues".

These are the 4 steps we need to make economic growth sustainable, resilient and inclusive

By: EBR | Thursday, July 14, 2022

Investments, innovation, policy, and finance all play a central role in defining the economic growth model of the 21st century

The Nord Stream 1 pipeline transports 55 billion cubic metres (bcm) a year of gas from Russia to Germany under the Baltic Sea. Ukraine had urged Canada not to return the repaired part, saying it would undermine sanctions against Russia.

Ukraine cries foul as Canada sends Nord Stream 1 turbine to Germany

By: EBR | Wednesday, July 13, 2022

Ukraine’s energy and foreign ministries said on Sunday (10 July) they were “deeply disappointed” by Canada’s decision to hand back to Germany a gas turbine needed for the Nord Stream 1 pipeline

Global population will reach 8 billion in 2022 and 10.9 billion by 2100.

As the global population approaches 8 billion, is equal access to opportunity for all possible?

By: EBR | Tuesday, July 12, 2022

Global population growth is a testament to human progress, with an eight-fold increase in the number of humans alive since 1800

“Euro area banks must urgently step up efforts to measure and manage climate risk,” said Andrea Enria, chair of the ECB’s Supervisory Board.

Banks are unprepared for climate risks, stress test shows

By: EBR | Monday, July 11, 2022

A climate risk stress test that the European Central Bank (ECB) conducted with more than 100 banks showed that most banks lack a climate risk stress-testing framework and do not include climate risk in their credit risk models

When the U.S. needs oil from the Saudis, all is forgiven, it seems

By: EBR | Monday, July 11, 2022

I don’t envy President Biden, who, on board of Air Force One heading toward Tel Aviv, probably will have to tell his aides to remind him whom he would meet upon landing at Ben Gurion Airport on July 13

"Already at 1.3°, the world’s greenhouse gas (GHG) emissions are increasing, not falling. All models keeping to the 1.5° limit assume huge immediate behaviour change and emissions slowdowns. To date, these assumptions are demonstrably wrong".

’Reduce, remove and repair’ - the 3 Rs needed to fight climate change

By: EBR | Friday, July 8, 2022

Hurtling towards deeper climate shifts, unless we act now there is little chance of a manageable future for humanity. The possibility of maintaining an average global temperature rise below 1.5°C, and the implied manageability that brings, is increasingly difficult

War brings out the worst in people and destroys the very foundations of humanity.

Why Leaders Won’t Stop Waging Wars

By: EBR | Tuesday, July 5, 2022

War, what a glorious venture. What a terrific way to embark on heroic deeds

Freshwater’s ability to sustain a stable Earth system is more strained than previously thought.

Human activity is disrupting the freshwater cycle, here’s how to change that

By: EBR | Monday, July 4, 2022

Green water – the rainwater available to plants in the soil – is indispensable for life on and below the land

At present, China’s military spending is only a quarter of that of the United States and even smaller if compared with that of NATO as a whole. China’s military budget accounts for about 1.3% of its GDP, much lower than the threshold of NATO countries.

Is China a Challenge to NATO?

By: EBR | Monday, July 4, 2022

At the 2022 Madrid Summit, NATO adopted a new Strategic Concept, claiming that NATO member states would work together to address the systemic challenges posed by China

EU countries have clinched deals on proposed laws to combat climate change.

New EU climate change deals: Banning fossil fuel cars by 2035, and what else?

By: EBR | Monday, July 4, 2022

EU countries have reached deals on a package of green policies, including requiring all new cars sold from 2035 to emit zero CO2

Once ratification in allied parliaments is done - which could take a year - the Nordic countries will be covered by NATO’s Article 5 collective defence clause, which puts them under the United States’ protective nuclear umbrella.

What is NATO and what happened at the NATO summit?

By: EBR | Monday, July 4, 2022

It took a well-timed coffee break to smooth the way for Finland and Sweden to join NATO

The war between Russia and Ukraine is, among other things, serving as a clarifying moment, exposing the downsides of global interdependencies.

The war in Ukraine is triggering a re-evaluation of global systemic risk

By: EBR | Thursday, June 30, 2022

The changing global risk environment is forcing governments, businesses and international organizations to re-evaluate systemic risk in fundamentally new ways

NATO members last year took a more moderate approach, toning down the need to focus too intensely on China. However, a recent NATO survey across all member states found Beijing was viewed as a security threat by 52% of respondents, an increase of 11 percentage points from 2021.

European NATO allies harden China stance but cracks remain

By: EBR | Wednesday, June 29, 2022

European NATO members will commit to a tougher stance towards China, but scepticism over the Anglo-Saxon push to put Beijing in the alliance’s crosshairs remains

"NATO and the EU needed to respond quickly. They did so in ways that surprised the Kremlin, which has long sought to divide the transatlantic alliance and play EU member states off each other".

NATO and the EU’s Strength Lies in Their Unity

By: EBR | Wednesday, June 29, 2022

Russia’s war against Ukraine shows why NATO and the EU are both essential for European security. The two offer different yet complementary models for organizing the continent’s defense

"By creating favourable regulatory environments, governments will attract SDG-conscious investors".

How private finance can bring global capital to where it’s needed

By: EBR | Monday, June 27, 2022

Through blended finance solutions, the private sector can help governments solve pressing needs facing their countries

"President Vladimir Putin need only look at the unfolding political and economic developments in Europe to see how his fortunes are shifting".

Putin is Banking on Europe’s Divisions Over Russia

By: EBR | Wednesday, June 22, 2022

The parliamentary election setback for President Macron and bickering inside the German and Italian coalitions play into Moscow’s hands. If EU member states falter over Ukraine, European security will be jeopardized

The World Trade Organization has approved a package of six trade agreements, including commitments on reversing over-fishing and pledges on health and food security.

WTO strikes global trade deals amid heightened geopolitical tensions

By: EBR | Monday, June 20, 2022

The World Trade Organization’s 164 members approved a series of trade agreements that included commitments on fish and pledges on health and food security after more than five gruelling days of negotiations

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EU Actually

The EU struggles to find a united voice

By: N. Peter Kramer

EU leaders knew this may coming. For weeks, they watched the US military build-up in the Middle East. But since the US-Israeli attack started on Iran, the EU looked fractured and decidedly without leverage, caught up in the maelstrom of what happens.

Europe