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EsadeGeo Daily Digest, 25/11/2021

EsadeGeo Daily Digest, 25/11/2021

Financial Times – Guy Chazan / Olaf Scholz to become German chancellor after clinching coalition deal

  • Olaf Scholz unveiled the coalition agreement between the Social Democrats, Greens and liberals that will allow him to succeed Angela Merkel as German chancellor, promising the “biggest industrial modernisation of Germany in more than 100 years”.
  • He said the agreement would pave the way for Germany to become a “pioneer on climate protection”, adding that “we will invest massively to maintain Germany’s status as a world leader”. Annalena Baerbock, Green co-leader, said the new government would introduce a “paradigm change” in German politics.
  • The coalition agreement was the fruit of almost two months of intense negotiations following the Social Democrats’ narrow victory in national elections on September 26.
  • Though the emphasis in the party leaders’ press conference on Wednesday was on climate change, public investment and more workers’ rights, the new government’s most urgent priority will be to stem a pandemic that is threatening to swamp Germany’s hospitals. Authorities reported 66,884 new coronavirus infections over the past 24 hours — a new record.
  • Politico – Hans von den Burchard / What’s in the German coalition deal for Europe (and the UK)

Deutsche Welle / Poland court says European rights pact ‘incompatible’ with constitution

  • Poland’s Constitutional Tribunal on Wednesday ruled that parts of the European Convention on Human Rights were incompatible with the Polish constitution.
  • The ruling said the European Court of Human Rights (ECHR) did not have the jurisdiction to review and assess the legality of the appointments of the Polish court’s judges. 
  • This came after an ECHR judgment in May questioning the legality of appointments of judges to the Constitutional Court.
  • “Article 6 of the Convention… as far as it includes the Constitutional Tribunal in its definition of a court, is not compatible,” with the Polish constitution, said judge Julia Przylebska, the head of the Tribunal.
  • Politico – Zosia Wanat and Lili Bayer / Brussels takes step toward rule-of-law penalty process with Poland, Hungary

South China Morning Post – He Huifeng and Jane Cai / Will China’s property tax rob from the rich and give to the poor, aiding common prosperity drive?

  • China’s property tax plan is part of Xi Jinping’s so-called common prosperity campaign to redistribute wealth and to address widening social inequality
  • The plan will not be implemented straight away, with a five year pilot programme set to test the proposal before it is eventually rolled out across the country
  • But while no details of the tax or pilot schemes have been revealed, expectation of the tax and credit tightening measures launched previously have cooled the real estate sector remarkably in recent months, particularly in lower-tier cities.
  • In 70 major cities across the country, second-hand property prices fell in 64 month on month in October, up from 53 in September, 43 in August and 29 in July, according to the National Bureau of Statistics.
  • Bloomberg / Xi doctrine downplays GDP growth as yardstick for China success

Euractiv – Kira Taylor / Leak: draft EU law cracks down on methane leaks from fossil fuels

  • A European Commission proposal to tackle climate-wrecking methane emissions includes a ban on routine flaring and venting as well as penalties for leaking fossil fuel infrastructure but doesn’t contain binding emissions reduction targets, according to a draft seen by EURACTIV.
  • Methane is a powerful greenhouse gas which has more than 80 times the planet-warming potential of carbon dioxide over a 20-year period in the atmosphere.
  • According to the Intergovernmental Panel on Climate Change, methane emissions account for about half of the 1.0 degree Celsius net rise in global average temperature that has occurred since the pre-industrial era.
  • Up until now, little has been done on the regulatory front to reduce methane emissions, but the European Commission looks set to change that by proposing a regulation aimed at cutting down methane emissions as part of a gas package of legislation due on 14 December.
  • European Commission / Reducing greenhouse gas emissions: Commission adopts EU Methane Strategy as part of European Green Deal

Further reads for today:

The selected pieces do not necessarily reflect the views of Javier Solana and EsadeGeo. The summaries above may include word-for-word excerpts from their respective pieces.

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