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New report reveals climate impact of Russia's war in Ukraine: $32 billion damage over two years

New report reveals climate impact of Russia's war in Ukraine: $32 billion damage over two years

Russia's ongoing full-scale war in Ukraine, initiated on 24 February 2022, has caused significant environmental and climate damage, severely impacting global efforts to combat climate change. This is highlighted in the latest report from the Initiative on Greenhouse Gas Accounting of War (IGGAW), which analyses the environmental costs over the past two years. The report was published Thursday (13 June) by the Ministry for Environmental Protection and Natural Resources of Ukraine in collaboration with climate advocacy groups. The IGGAW report estimates climate-related damages at $32 billion, attributed to activities such as the extensive use of military fuels and the destruction of landscapes and infrastructure. Over 24 months, the conflict resulted in the emission of 175 million tonnes of carbon dioxide - more than the annual emissions of a developed country like the Netherlands.
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EU imposes import tariffs of billions of euros on Chinese electric cars

EU imposes import tariffs of billions of euros on Chinese electric cars

The European Union is poised to impose significant new tariffs on Chinese electric vehicles (EVs), a move expected to raise more than €2 billion a year despite warnings from Germany about the potential economic impact. Brussels is determined to impose additional tariffs of up to 25% on these imports from next month, arguing that subsidies given to Chinese EV manufacturers allow them to unfairly undercut European competitors. The decision has sparked controversy, particularly in Germany, where there are fears of sparking a trade war with China, the EU's biggest trading partner.

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Opinion: A resumption of the Iran nuclear deal is also good for Armenia

Opinion: A resumption of the Iran nuclear deal is also good for Armenia

Reports from Vienna suggest that Iran and the world powers are close to agreeing on restoring the Iran Nuclear Deal. For a moment it appeared that the negotiations were going to get entangled in the current Ukraine crisis, but it appears that Iran has dissuaded Russia from doing so. In this op-ed for commonspace.eu Benyamin Poghosyan says a deal would be good for neighbouring countries like Armenia who are keen to exploit trade opportunities with Iran.
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IMF Head warns of economic impact of Ukraine Crisis on Africa

IMF Head warns of economic impact of Ukraine Crisis on Africa

African economies are particularly vulnerable to the impacts of war in Ukraine, says IMF Chief Kristalina Georgieva. The remarks come two weeks after the Russian invasion of Ukraine sent financial markets into steady decline, leaving African economies with high food and fuel prices. “The war and the unprecedented sanctions imposed on Russia are having far-reaching consequences. They come at a delicate time for Africa.”, she stated at a closed virtual press briefing on Thursday.