In brief | 22 January '25

Reuters: Europe extends hand to US, warns of 'race to bottom'

German chancellor Scholz voices cautious optimism after first contact with Trump administration.

Politico: EU’s Clean Industrial Deal to cover 6 themes from energy prices to trade

Contours of a mammoth industrial decarbonisation strategy taking shape ahead of its 26 February unveiling.

Carbon Brief: EU politicians condemn Trump’s move to pull out of climate pact

European leaders say they will "hold fort and remain a part of the global climate pact".

AP: Trump temporarily halts leasing and permitting for wind energy projects

Executive order to stop offshore wind lease sales in US waters and pause issuance of permits both onshore and offshore.

Bloomberg: UBS’s Ermotti analysing Wall Street retreat from climate group

Step would mean bank exodus from sustainable finance group after Trump election reaches Europe.

E3G: EU and German foreign policy: Linking geopolitics and climate institutionally

Recalibrating EU's foreign policy to reflect new realities vital for achieving economic security; incoming German government can continue strengthening the bloc's geopolitical agency.