Blue & Green Daily: Tuesday 3 June headlines
Blue & Green Daily finds and summarises the top sustainability stories around the web every morning. We start with our own picks from Blue & Green Tomorrow.
3 June headlines
Ukraine conflict wake-up call for EU’s looming fuel and energy crisis – Oxfam
The turmoil in Ukraine should be a wake-up call for Europe’s looming fuel and food crisis, campaigners have warned. Ahead of the G7 summit, Oxfam said tensions with Moscow, because of the situation in Ukraine, highlighted the need to Europe to reassess its energy mix. Europe imports half its energy, predominantly fossil fuels – and Russia is the EU’s top supplier for oil and gas. Guardian.
George Osborne poised to regulate FX market
London’s vast foreign exchange market faces government regulation for the first time under plan due to be unveiled by the Treasury within the next few weeks. Treasury officials are working with the international Financial Stability Board to draw up a set of regulations designed to “clean up” the £3 trillion-a-day global market, which is already subject to regulatory investigations following allegations of manipulation. Telegraph.
Europe’s power supply at risk from investment dearth, IEA says
Europe is in jeopardy of running short of power because wholesale electricity prices are too low to encourage spending on new thermal plants, according to the International Energy Agency. The region needs more than $2 trillion in power-industry investment by 2035 and about 100 gigawatts of new thermal capacity in the decade to 2025, the organisation said. Bloomberg.
Obama defends new carbon emission rules in face of mounting backlash
Barack Obama took personal charge of the campaign for historic new climate change regulations, defending a 30% cut in carbon pollution from power plants from a backlash by business lobbies, conservative groups and Democrats in oil and coal states. The changes represent the first time a US president has moved to regulate carbon pollution from power plants. Guardian.
Shari’a investment – IFA Magazine
Rate rises will come despite lower bond yields – Financial Times
Photo: Sanja gjenero via Freeimages
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