Green finance

Germany to inject more than €50bn extra cash for green transition

Germany's next government is working on a 2021 supplementary budget to pump more than €50 billion into its climate fund which could be spent over the coming years to speed up the transition towards a green economy, sources said on Thursday (25 November).
The building of the European Central Bank in Frankfurt.
Economy & Jobs 23-11-2021

EU banks largely unprepared for climate risks, ECB warns

Out of 112 European banks, not one is close to fully aligning with the European Central Bank's climate and environmental risk management guidelines, according to a new report.

Austria ready to sue EU over nuclear’s inclusion in green finance taxonomy

Austria’s energy and climate minister Leonore Gewessler told EURACTIV in an exclusive interview that her country was ready to go to court if the EU decides to include nuclear power into the bloc's taxonomy on sustainable finance.

Scholz silent as progressive lawmakers weigh in on EU taxonomy debate

As the debate on whether to include nuclear power and gas in the EU's sustainable finance taxonomy continues, progressive lawmakers in Germany and the European Parliament have released a joint statement to weigh in on the debate.

German pro-nuclear activists make rare appearance in Berlin

With Germany set to shut down its last six reactors in 2022, a group of pro-nuclear activists made a rare appearance in Berlin over the weekend in the hope of reversing the decision. Operators, for their part, are wary of another abrupt policy change.

Five EU countries form anti-nuclear alliance at COP26

In face of a French-led push to revive nuclear power in Europe, a group of five EU countries led by Germany have banded together to urge the European Commission to keep nuclear out of the EU's green finance taxonomy.

Canfin MEP: ‘Here is my proposal to find the right compromise on gas and nuclear in the taxonomy’

With proper safeguards in place, both gas and nuclear power can be included in the "transition" category of the EU's green finance taxonomy, says Pascal Canfin, a leading lawmaker in the European Parliament.

Germany’s Schulze reiterates opposition to nuclear in EU green finance rules

Germany’s acting environment and nuclear safety minister, Svenja Schulze, reiterated her opposition to nuclear power's inclusion in the EU's green finance taxonomy, saying the upcoming government coalition refuses being placed in front of a fait accompli.

LEAKED: Paper on gas and nuclear’s inclusion in EU green finance rules

A proposal to bring both nuclear power and natural gas into the bloc’s green finance taxonomy is circulating in Brussels. The paper has been branded as a “scientific disgrace” by campaigners who warned it would damage the EU's credibility on green finance.

How to save the scientific integrity of the EU’s green finance taxonomy

Decision-makers cannot let economic questions on energy security and cost thwart the scientific integrity of the EU Sustainable Taxonomy, write Elise Attal and Jan Vandermosten.

EU countries ramp up pressure to grant nuclear a ‘green’ investment label

A group of ten European countries have heaped pressure on the European Commission to grant nuclear energy a ‘green’ label under the EU's sustainable finance taxonomy, which acts as a guide to climate-friendly investments.
Climate change 28-10-2021

EU climate and infrastructure agency eyes end of fossil fuel projects

The director of CINEA, a recently-established EU agency managing €55 billion in EU funding for clean energy and transport, told EURACTIV about the challenge of ending fossil fuel projects entirely, saying coal and natural gas assets “are not simply going to go away” and need to be managed during the transition.
Climate change 18-10-2021

Fiscal reform and why it matters for climate

The EU's economic governance must drive climate action for a just transition, not austerity, writes Isabelle Brachet.
The Berlaymont building lit in green
Economy & Jobs 13-10-2021

EU launches world’s largest green bond issuance to date

The European Commission on Tuesday (12 Octobre) issued €12 billion worth of green bonds on financial markets to finance the green parts of its €800 billion coronavirus recovery fund. This represents the world’s largest green bond issuance to date.

10 EU countries back nuclear power in EU green finance taxonomy

“Nuclear power must be part of the solution” to the climate crisis and the rise in energy prices, according to a group of 10 EU countries led by France and Poland who signed a joint opinion article published across major European newspapers on Monday (11 October).

Germany’s SPD pushes for inclusion of gas in EU green finance taxonomy

The role of gas in the energy transition should be reflected in the EU’s green finance taxonomy, according to the economy and energy spokesperson of Germany's social democratic SPD party, which is expected to lead the next German government coalition.

Brussels seeks ‘international coalition’ on trade in green goods

The European Commission will convene a ministerial meeting next year to promote trade as a way of reaching climate and environmental objectives in what could be the first step towards the creation of a “climate club” called for by Germany....

EU lawmakers reject attempts to block green investment rules

European Parliament members on Monday (27 September) rejected three attempts by some lawmakers to block the European Union's proposed rulebook for sustainable investments, as Brussels edges towards completing the first part of the landmark rules.

The EU taxonomy can strengthen SMEs in the green transition

Small and medium-sized companies stay exempt from the new disclosure rules on the EU’s sustainable finance taxonomy starting in 2022. However corporate leaders would be well-advised to follow its implications, including SMEs, writes Finn Wendland.

EU countries buy more time to scrutinise green investment rules

European Union countries on Wednesday (22 September) pushed back their deadline to object to the EU's proposed rule book for green investments, giving themselves another two months to scrutinise the politically sensitive policy.
Electricity 23-09-2021

Why Europe is facing an energy price surge

Prices for gas and electricity are soaring in Europe as winter approaches, forcing governments to react. Here is what's behind the price increase:

Researcher: Brussels is paving the way for nuclear power’s green revival

In all likelihood, the European Commission will table a proposal in the coming months to include nuclear energy in the EU’s green finance taxonomy, said Thomas Pellerin-Carlin, a researcher at the Jacques Delors Institute. But it is probably waiting for the outcome of the German elections before making a move, he suggested.

Climate-focused investors give warm welcome to EU masterplan

A European Union climate masterplan to raise the cost of pollution and eliminate emissions is a step towards a single carbon price that many investors striving to make companies more sustainable say can help to engineer deeper change.

ECB pledges to factor climate change more into policy

The European Central Bank said on Thursday (8 July) that it would further incorporate climate change considerations into its monetary policy, including on disclosure, risk assessment, and decisions on collateral and corporate sector asset purchases.