By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > The great climate disconnect
News

The great climate disconnect

News Room
Last updated: 2025/02/12 at 4:46 AM
By News Room
Share
6 Min Read
SHARE

Stay informed with free updates

Simply sign up to the Climate change myFT Digest — delivered directly to your inbox.

What a world to live in. Never before has the danger of climate change been so evident and the response so cavalier. If you doubt this, consider the events of last week. 

As the Trump administration was freezing funding for electric car charging programmes, gutting the USAID agency that helps countries deal with weather extremes, and scrubbing mentions of climate change from government websites, scientists unveiled some dismaying data.

It showed last month was the hottest January on record, despite the arrival of cooling La Niña ocean conditions that had been expected to lower the average global temperature.

Yes, it’s just one month and, yes, February could be cooler. But it is also possible that the greenhouse gases humans keep pouring into the atmosphere are sapping the planet’s ability to naturally cool itself, as some scientists fear. The unusually intense Los Angeles wildfires and the biblical floods in Valencia three months earlier could be signs of a shift in the climate system we don’t yet understand. 

Either way, the gap between climate risk and response has grown alarmingly wide, and not just because of what Donald Trump is doing in the world’s largest economy.

In Europe’s largest economy, the far-right Alternative for Germany (AfD) party is polling second in the run-up to this month’s election having vowed to out-Trump Trump by tearing down wind farms and their “windmills of shame”. (Trump is only trying to stop new wind parks being built — so far.)

The turbines are probably safe: Germany’s other parties have ruled out working with the AfD in a coalition. But next door in Austria, the far-right Freedom Party is set to become the senior partner in a coalition government, having won the most seats in September’s election after campaigning to reverse climate measures. It belongs to Patriots for Europe, the third biggest group in the European parliament, whose far-right leaders lashed out at “green deal ideology” at a rally in Madrid on the weekend.

Their message that green policies are costly burdens on ordinary workers is resonating in ever more countries.  

Canada’s Conservative leader, Pierre Poilievre, has made a similar case against Justin Trudeau’s carbon tax ahead of Canada’s forthcoming election. Mark Carney, the climate champion running to replace Trudeau as Liberal Party leader, has said he would scrap parts of the tax and replace it with less “divisive” green policies.

Meanwhile in the business world, the list of companies scaling back their green efforts keeps growing. Even Norway’s Equinor energy group, which changed its name from Statoil seven years ago as it pushed into green energy, now plans to boost fossil fuel production and halve spending on renewables.

Such is the backdrop to the 10th anniversary of the 2015 Paris climate agreement, the global pact that is supposed to be accelerating moves to slow global warming.

So far, no country has followed Trump and decided to quit the agreement, though Argentina is weighing a departure and Indonesia has asked why it should comply with an agreement the US is about to ignore.

Why is all this happening now? What has changed since 2020, when companies and countries alike were scrambling to support net zero policies? There is no single answer but it is no coincidence that the green backlash has emerged as countries stop merely setting net zero goals and start launching policies to meet them. This was always going to be fraught, especially during a cost of living crunch. Support for Germany’s AfD surged in 2023 after it exploited contentious government efforts to decarbonise home heating. 

Thoughtful leaders acknowledge the need for a rethink. “The climate movement must reflect on young Germans who switched their votes last summer from Greens to the AfD because they thought green was elite,” UK climate envoy, Rachel Kyte, said in a memorial lecture last week for the late climate diplomat, Pete Betts. “We have much to do to win back a narrative.”

The UK government is pursuing an ambitious climate agenda that includes a clean power system by 2030. That sets it apart from a US bent on prolonging the fossil fuel era, even as its rivals in Beijing edge closer to making China the world’s first green-powered electrostate.

The direction of travel is in China’s favour. The energy transition has begun. But it is hard to see it happening fast enough to contain an ever more unpredictable and disturbing climate.

[email protected]

Read the full article here

News Room February 12, 2025 February 12, 2025
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Daily Market Coverage Apr. 6, 2026 9AM-11AM (ET) | Yahoo Finance

Watch full video on YouTube

United Airlines Overhauls MileagePlus Program — Here’s What To Know

Watch full video on YouTube

Riley Exploration Permian Stock: A Solid Growth Story In A Cyclical Industry (NYSE:REPX)

This article was written byFollowLong Player believes oil and gas is a…

Can Bare Knuckle Boxing Challenge Traditional Boxing?

Watch full video on YouTube

How tariffs are pushing America’s furniture industry to the brink

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

News

Riley Exploration Permian Stock: A Solid Growth Story In A Cyclical Industry (NYSE:REPX)

By News Room
News

Convatec Group PLC (CNVVY) Analyst/Investor Day Transcript

By News Room
News

Exail Technologies (EXALF): The Growth Story For This Defense Tech Winner Is Far From Over

By News Room
News

Tsakos Energy Navigation: Performing Well In Strong Markets (NYSE:TEN)

By News Room
News

Bread Financial Holdings: Focusing On Longer Growth Runways And Better Economics (NYSE:BFH)

By News Room
News

Generation Investment Management Senior Partner Letter

By News Room
News

Top 25 High-Yield Dividend Stocks For April 2026

By News Room
News

Q2 Update: Iran War, Depleting Munitions, And Market Outlook

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?