The EU Must Spend More to Counter Climate Change
Market Intelligence Analysis
AI-PoweredThe EU's climate advisory body has warned that the continent needs to increase spending to combat climate change, citing rising extreme weather events.
Market impact analysis based on bearish sentiment with 80% confidence.
Article Context
The European Union needs to spend more to move away from hydrocarbons because Europe is the fastest-warming continent, the bloc’s climate advisory body has warned. The increased frequency of extreme weather events such as floods and droughts is among the signs of climate change that should prompt better mitigation measures, Reuters reported, citing the World Meteorological Organization. That information makes the basis for advice dispensed by the European Union’s Scientific Advisory Board on Climate Change. The board itself reported…
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