Recent research by the global affairs think tank Overseas Development Institute (ODI) has revealed that the global energy transition faces a significant challenge due to the debt spirals associated with the extraction of fossil fuels in low
The EU pledged to become climate neutral by 2050. In July 2022, the European Commission passed legislation to accelerate decarbonization that labels gas and nuclear energy “as environmentally sustainable”.
A report released by a coalition of environmental groups revealed that since the Paris climate accord took effect in 2016, the world's 60 largest private banks have provided $5.5 trillion in financing to the fossil fuel industry