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Rising temperatures since the 1980s have lowered the cold limits in European mountains, leading to an increase in plant species on summits. Species preferring cooler locations have increasingly disappeared.
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The EU Commission approved tenders for electricity capacities, primarily targeting new gas power plants, which could lead to a long-term fossil lock-in. A UN report confirms the 1.5-degree Celsius global warming limit has been exceeded, necessitating faster climate action.
Companies & MarketsConsumer ProtectionIT & Internet
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Ultra-fast fashion provider Shein's IPO in Hong Kong valued the company at around $27 billion, 70 percent below its 2022 peak. Investors expressed concerns about supply chains and environmental impact, leading to a significantly reduced valuation.
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The Spectrum carrier rocket from Bavarian company Isar Aerospace reached orbit during a test flight from the Andøya Spaceport in Norway. This marks a European first for a privately developed rocket.
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The German carrier rocket "Spectrum" by Isar Aerospace has successfully reached a near-Earth orbit. This marks a milestone for German spaceflight, as emphasized by Federal Research Minister Baer.
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Isar Aerospace plans a new launch attempt with its Spectrum rocket after the first attempt failed last year after 30 seconds. The company states it has already secured orders worth several hundred million dollars until 2028.
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As of September 1, over 50,000 applications for e-car subsidies have been approved, with approximately 230 million euros disbursed. The subsidies, aimed at lower-income individuals, range from 1,500 to 6,000 euros depending on the model and income.
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Following a devastating flash flood, Nepal's government is demanding climate justice and international support. The country, responsible for only 0.1 percent of global greenhouse gas emissions, is particularly vulnerable to climate change impacts and calls for a fair distribution of costs for adaptation and damages.
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The UN Environment Programme acknowledges that the 1.5-degree Celsius limit for global warming, as aimed for in the Paris Agreement, is no longer achievable. Global greenhouse gas emissions have reached a new record high, leading to more intense weather extremes and rising sea levels.
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In 2021, Bavaria's Minister-President Markus Söder announced the rewetting of 2,000 hectares in Donaumoos, with 200 million Euros allocated. Five years later, progress is minimal despite peatlands being crucial carbon sinks for climate protection.
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