Green finance

Climate change 03-10-2017

‘Thou shalt not burn coal’: Catholic institutions abandon fossil fuels en masse

Forty Catholic institutions from across the world will pull money out of fossil fuels this week, in the biggest single divestment made by religious institutions, including banks, universities and even the Italian town where Saint Francis of Assisi was born.

Transport sucks up nearly half of Europe’s fossil fuel subsidies, report finds

European countries spend more than €112 billion per year subsidising oil, gas and coal production or consumption – including tax breaks on highly-polluting diesel – despite a pledge to phase out fossil fuels completely by 2020.

Economy & Jobs 21-09-2017

Commission wants bigger role for regulators in sustainable finance development

The European Commission has proposed giving the European Supervisory Authorities broader powers to determine what represents environmental, social and governance investment and to monitor banks’ activities in this field.

Opening new frontiers in green finance

What do Islamic investors and EU bureaucrats have in common? Both have entered the green bond market this summer, explain Harald Lund and Elisabeth Lannoo.

Climate change is everyone’s business – the ECB is no exception

Whilst the European Union is firmly committed to joining the fight against climate change and developing sustainable finance, the significance of the role the European Central Bank can play is being overlooked, write Ludovic Suttor-Sorel and Frank van Lerven.

How EU can end corporate short-termism and create sustainable financial system

The notion of corporate governance must be revised to protect us from short-term shareholder interests and ensure we make the long-term investments vital to our future, argues Filip Gregor.

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.