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Climate change-related extreme events have seriously damaged the countries of the European Economic Area, accounting for loss of almost 3 percent of GDP for each country per year, according to a new report by the European Environment Agency.
The value of European fossil infrastructure protected by the Energy Charter Treaty is almost €345 billion, says research by Nico Schmidt and Oliver Moldenhauer at Investigate Europe. Lawsuits, allowed by the treaty, are likely to prevent states from adopting ambitious climate policies.
Emissions are not for free in Europe. As a carbon trade system, the European Union’s Emissions Trading Scheme (ETS) sets an annual cap and a price for emissions. Wijnand Stoefs, policy officer at Carbon Market Watch, says it should become “a more ambitious tool”.
Drawing inspiration from the long voyages taken by well-off European youths in centuries past, OBC Transeuropa takes us on a tour of global warming hotspots in south-east Europe.
Our analysis looks at the rise in average temperature for about 100,000 municipalities in Europe. Mean temperature values of the 1960s were compared with those of the 2010s, in order to explore the import of global warming at a local level.
The EU Emission Trading System, the EU’s main mechanism to disincentivise CO2 emissions, seems not to have had the desired results. Major industrial groups, often with the support of their own governments, profit from systemic weaknesses while continuing to produce energy using fossil fuels.
To meet its climate targets, the EU must double the speed it is renovating its residential and office buildings. Sweden has already almost completely decarbonised its sector. But it is on its own.
In more than 35,000 European municipalities, average temperatures have risen by more than 2°C over the last fifty years. From big cities to small villages, the climate crisis reaches every corner of Europe – but citizens are rising up, and people in power are finally taking action.
The data on global warming suggests that many seaside resorts in Atlantic and Mediterranean Europe could lose their beaches due to sand erosion caused by rising sea levels and human activity.
Average temperatures are rising more and more in the Zagreb region, while snow cover is decreasing year after year. However, Jagoda Munić, Director of Friends of the Earth Europe says that “Croatia is a very passive observer of developments around the European Green Deal.”