Liz Truss rules out spending cuts amid UK market turmoil

LONDON — Liz Truss has ruled out cutting public spending to balance the books and finance the tax cuts announced in her controversial mini-budget. Amid fresh turmoil in U.K. markets, which have been spooked since Truss’ government unveiled an unfunded pledge to cut taxes, the prime minister said on Wednesday that she was “absolutely” not […]

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Major economies call for World Bank climate overhaul

Germany has joined the U.S. and other major economies in calling for a “fundamental” overhaul of the World Bank to better address climate change and other global crises. German Development Minister Svenja Schulze, a governor of the bank, said Tuesday that the bank’s “current model, which is mainly based on demand from borrowing countries, is […]

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Recession looms as UK GDP shrinks by 0.3 percent in August

The U.K. economy unexpectedly shrank by 0.3 percent in August, according to estimations released Wednesday by the Office for National Statistics, stoking fears of a recession. In addition, the country’s gross domestic product (GDP) also shrank by 0.3 percent over the last three-month period, compared to the previous three months, the ONS statement said. The […]

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Christophe Rocca-Serra

Efforts to slash emissions from transport typically focus on CO2 and other gasses like nitrogen dioxide. But Christophe Rocca-Serra, the founder of Tallano Technologies, has zeroed in another major contributor to air pollution: the tiny particulate matter emitted when a driver hits the brakes. The company, founded a decade ago, has invented a device to […]

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Pascal Canfin

As chair of the European Parliament’s environment committee, the institution’s largest, Pascal Canfin already wields significant influence. But the French MEP is also a member of the EU’s kingmaker grouping, Renew Europe, whose votes frequently prove decisive. Canfin played a key role this year in negotiating difficult compromises between MEPs on the EU’s flagship climate […]

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Anna Moskwa

In late 2021, Anna Moskwa became only the second person to head Poland’s new climate and environment ministry. But unlike her predecessor Michał Kurtyka, the COP24 president who set out clear ambitions for Poland’s energy transformation, Moskwa has focused on trying to water down the EU’s climate goals and ensuring the coal-reliant country has secure […]

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Glenn Llewellyn

Aviation is responsible for 3.6 percent of the EU’s greenhouse gas emissions, and decarbonizing the sector is no easy task. But it’s one Glenn Llewellyn appears to wear lightly: In a cheerily optimistic Twitter bio, the Irishman describes his day job at Airbus as “working with my amazing colleagues on bringing aircraft emissions down to […]

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