Green finance

The EU and Switzerland link their carbon markets

The world’s first carbon trading system has found a new partner in Switzerland. EURACTIV France reports.

The Capital Markets Union can deliver Europe a sustainable future

The European Commission’s mid-term review of the Capital Markets Union Action Plan shows it is serious about sustainable finance, but more remains to be done, write Christian Thimann and Steve Waygood.

Time for Europe’s financial community to join the climate fight

Although many lessons have been learnt since the global crisis, the financial system is still not fit for purpose, in one crucial respect, warns Arlene McCarthy.

Winds of change: EU embarks on sustainable finance mission

Disturbing developments on the international political scene have only increased the resolve of the European Union to lead in taking action against the impact of climate change. Flavia Micilotta explains why financing is a key component.

Transport 19-07-2017

EIB approves €12 bn for transport, energy, infrastructure

The European Investment Bank (EIB) has approved new financing worth €12.4 billion for projects in transport, including a new metro line in Paris, infrastructure and energy, the bank said on Tuesday (18 July).

Juncker Plan falls short of offering green projects, expert group says

The high-level group on sustainable finance proposed on Tuesday (18 July) a new platform to match capital and green projects, as the Juncker Plan did not develop the 'big pipeline' that was expected to unlock the money resting in the pockets of big investors.

Cape Town shares lessons of record drought

Cape Town, South Africa’s second largest city, is experiencing its worst drought in 100 years. Gareth Morgan, trade and investment officer for the city, told EURACTIV.com that the crisis was also an opportunity to seek solutions which could be of use in other parts of Africa.

Green finance group calls on EU to stop funding fossil fuels

A group of financial experts has set out their vision for hardwiring sustainability goals into the European Union’s financial system, calling on 28-country bloc to stop pouring public money into polluting fossil fuels and focus spending on clean energies instead.

Reshaping the financial system as a tool for good

The European Commission's High Level Expert Group on Sustainable Finance delivered its interim report today (13 July). Ingrid Holmes, one of the members of the group, explains how the financial system can help address long-term challenges such as climate change.

Europe urged to lead green finance agenda at G20

INTERVIEW / As the G20 opens in Hamburg this week, Europe needs to reflect on how it can push the global green finance agenda without the United States on board, said Christian Thimann, head of sustainability at French insurance group AXA who chairs an EU high-level group on sustainable finance.

AXA sustainability chief: Penalties for fossil fuel assets ‘merit close attention’

The European Commission’s High-Level Group on sustainable finance is currently looking at the pros and cons of slapping “penalties” on fossil fuel assets that may end up being stranded as investors shift to low-carbon portfolios, Christian Thimann told EURACTIV in an exclusive interview.

Business leaders back G20 task force recommendations on climate-risk disclosure

Over 100 business leaders worldwide have backed the final recommendations of a global task force set up by the G20 to disclose how companies manage climate-related risk, in a move that could divert trillions of investments away from polluting fossil fuels.

EU budget for climate action: Time to wake the sleeping beauty

The European Commission will publish its ‘Reflection paper on the future of EU finances’ on 28 June. Against a background of renewed commitments from European leaders towards climate action, the EU budget must be reformed to comply with the requirements of the Paris Agreement, writes Markus Trilling.

Energy 21-06-2017

Will EU Council block trillions of investment in energy efficiency?

Politicians have a tendency to play things safe, only committing to policy objectives that are well within reach, even when it goes against long-term EU goals or plain common sense. This seems to be the case for the draft Energy Efficiency Directive, warns Benedek Jávor.

Green finance reaches EU policy ‘tipping point’

The mid-term review of the EU’s Capital Markets Union initiative, due on Wednesday (7 June), will mark another step towards the mainstreaming of green finance in Europe, a senior EU official told EURACTIV.

Boosting investment in the green economy

The Paris Agreement on climate change and the launch of the Sustainable Development Goals at the United Nations were key milestones on the road towards an energy-efficient, low-carbon economy in Europe.

Why investors want greater ambition for the Clean Energy Package

The goals of EU energy policy going forward must be ambitious if European countries want investors to provide the capital required to realise a smooth transition to a low-carbon economy and the growth this could generate, writes Stephanie Pfeifer.

Climate change 25-04-2017

Most global investors recognise financial risk of climate change, report finds

For the first time a majority of global investor heavyweights recognise the financial risks of climate change, according to the results of a major global index rating how investors manage such risks. EURACTIV's partner The Guardian reports.

Climate change 14-11-2016

Africa suffers more than any other continent from climate risks

Africa has been the continent hardest hit by extreme weather events over the last 20 years, according to the latest Global Climate Risk Index, published on 8 November by the NGO Germanwatch. EURACTIV's partner Journal de l'Environnement reports.

Climate change 14-11-2016

World Bank economist: ‘Better climate risk management could save the poor billions each year’

Natural disasters plunge 26 million people into poverty every year, according to a new report by the World Bank. The organisation believes the efficiency of aid could be improved by targeting climate risk management efforts on the most vulnerable, Stéphane Hallegatte told EURACTIV France.

Climate change 22-09-2016

Financiers want climate risk integrated into EU’s Capital Markets Union

Investors managing over €13 trillion in assets have called on EU regulators to foster a financial system that better takes climate risk into account when the European Commission reviews its Capital Markets Union next year.

EU pushed towards ‘climate disclosure’ regime for investors

Pressure is building on global regulators and the European Commission to “stress-test” portfolios of large institutional investors against long-term objectives to reduce climate change, in a move that could shift billions in investment away from fossil fuels.

Climate change 21-03-2016

Why Sustainable Finance Holds the Key to Europe’s Recovery

There is an urgent need to channel capital into sustainable infrastructure and innovation that will drive job creation. The race is on leading the way in sustainable finance between Europe and the rest of the world, writes Achim Steiner.

Climate change 14-10-2015

Cities reluctant to publish climate risk reports

EXCLUSIVE/ Thousands of cities signing up to the new Covenant of Mayors tomorrow (15 October) will submit reports on their vulnerability to climate change to the European Commission every two years - but are under no obligation to make the information public.