In brief | 4 September ‘25

Bloomberg: Spain and Portugal fires were more intense because of climate change

Climate change made the extreme weather conditions that fuelled the wildfires in Portugal and Spain about 40 times more likely to happen and the blazes themselves 30 percent more intense than if the world hadn’t warmed, research scientists said.

Bloomberg: Denmark targets $1.56 billion with first European green bond

The proceeds from the sale will go toward covering environmental goals including the transformation of the energy sector, sustainable transport, conversion of agricultural land as well as nature restoration, the Copenhagen-based central bank, which manages the government’s debt, said.

Reuters: UN pushes countries for new climate targets this month

The United Nations urged countries to set more ambitious climate plans during this month, seeking to pressure major economies including the EU and China ahead of this year's UN climate summit.

Transport and Environment: Volvo leading the way on green chassis by focusing on cleaner steel

Ranking of car companies’ progress on reducing emissions from steel which makes up 16 to 30 percent of a car’s production emissions.

Institute for Macroeconomics and Economic Research: European climate neutrality by 2050 also makes economic sense – EU investment fund ensures efficiency

Report compares the economic effects of a combination of consistent CO₂ pricing and an investment offensive financed by a special fund at EU level with the current status quo in climate policy.

Nature: A prudent planetary limit for geologic carbon storage

Treating carbon storage as a limited intergenerational resource has deep implications for national mitigation strategies and policy and requires making explicit decisions on priorities for storage use.