Green finance

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.

EU turns to finance to achieve ‘climate neutral continent’

Europe plans to funnel hundreds of billions of euros into sustainable investments each year through EU banks and markets to create the first "climate-neutral continent" by 2050.

Germany leads call to keep nuclear out of EU green finance taxonomy

A group of five EU member states led by Germany have sent a letter to the European Commission asking for nuclear energy to be kept out of the EU’s green finance taxonomy.
Economy & Jobs 30-06-2021

Lagarde makes a case for ‘green’ capital markets union 

The President of the European Central Bank, Christine Lagarde, on Wednesday (29 June) called for initiatives to create a capital markets union for sustainable finance.

Draft EU plan outlines regulatory roadmap for green finance

The European Commission is considering a wide range of measures to bring the EU's financial sector into line with its climate goals, according to a draft strategy paper to be published next Tuesday (6 July).
Climate change 25-06-2021

Success of climate change talks rests on finance, UN chief says

The success of international climate negotiations in November will depend on a breakthrough in financial contributions from rich countries, UN Secretary General Antonio Guterres said on Thursday (24 June).

EU watchdog tells banks to have a 10-year climate plan

Banks in the European Union must have a 10-year plan spelling out how they will deal with environmental, social and governance (ESG) risks to their bottom line, the bloc's banking watchdog said on Wednesday (23 June).
Climate change 14-06-2021

G7: What was (and wasn’t) agreed by world leaders to combat the climate crisis

From "green Marshall Plans" and net-zero energy sectors to a lack of clarity on green spending and transport decarbonisation, EURACTIV's media partner edie.net rounds up what was and wasn't agreed at the G7 Summit.

G7 agree on ‘historic steps’ to make climate reporting mandatory

The UK's Chancellor of the Exchequer, Rishi Sunak, met with finance ministers in London this weekend, with discussions leading to a historic agreement that G7 nations will mandate climate reporting in line with the recommendations of the global Taskforce on Climate-related Financial Disclosures (TCFD). EURACTIV's media partner edie.net reports.

Brussels offers EU countries greater say on green finance taxonomy

The European Commission has offered EU member states a greater role in deciding which technologies can be considered a sustainable investment in Europe after narrowly escaping a humiliating defeat last year over draft labelling rules for gas under its green finance taxonomy.
Biofuels 27-05-2021

Biofuel makers protest against EU’s green investment taxonomy rules

Biofuels made from food-and-feed crops do not meet the EU’s green taxonomy criteria, according to a European Commission proposal, a move biofuel makers said will hamstring Europe's ability to meet green transport goals.

German 30-year green bond attracts record demand

Investors have been scrambling to purchase Germany's new 30-year green bond despite the ongoing sell-off in the bond market that usually depresses demand. Previously, green bonds had only been issued with five or 10-year maturities. EURACTIV Germany reports.
Climate change 07-05-2021

Merkel’s last climate summit fails on finance for poor nations

The 12th Petersberg Climate Dialogue, hosted in Berlin on Thursday (6 May), failed to deliver on expectations of increased financial support for poorer countries.

Germany hatches plan to attract green investment capital

The German government is planning a new green financing strategy to steer capital towards environmental projects and developing Germany into a leading hub for sustainable finance, plans seen by Reuters show.

NGOs walk out on EU green finance group over forestry, bioenergy rules

The WWF and several other NGOs have decided to suspend their participation in the European Commission’s Sustainable Finance Platform in protest against what they see as weak and “unscientific” criteria for bioenergy and forestry in the EU’s green finance taxonomy.
Climate change 22-04-2021

Most major companies failing climate targets: study

Fewer than one in four of the world's largest companies are on track to meet basic climate change targets, according to a new study published on Thursday (22 April) ahead of a US-hosted climate summit where world leaders are expected to announce new commitments to cut emissions.

EU spells out criteria for green investment in new ‘taxonomy’ rules

The European Commission on Wednesday (21 April) unveiled a first batch of implementing rules under the EU’s sustainable finance taxonomy, spelling out detailed technical criteria that companies need to comply with in order to win a green investment label in Europe.

MEP Canfin: The French hard line on nuclear is a dead end

The hard line defended by France over the inclusion of nuclear power in the green finance taxonomy is a dead end because there is no majority in favour of it at the EU level, warns lawmaker Pascal Canfin. Instead, the French MEP argues for including nuclear energy in the 'transition' category.

LEAK: EU taxonomy draft leaves bioenergy and forestry off the hook

The European Commission has decided to leave out agriculture but kept controversial criteria for bioenergy and forestry in the first batch of proposed implementing rules due to be presented on Wednesday (21 April) as part of the EU’s green finance taxonomy, EURACTIV has learned.

LEAK: EU to table ‘climate taxonomy’, leaving gas and nuclear for later

The European Commission plans to delay a decision on whether to label nuclear and natural gas power plants as a sustainable investment under green finance rules due to be published next week, according to a leaked document seen by EURACTIV.

EU chief adviser says credibility of green finance rules at risk

The head of the group advising the European Union on its green finance rules has urged Brussels to resist political pressure to weaken them, saying the credibility of the regulation is at stake.

G7 ponders increasing climate finance in build-up to COP26

UK Chancellor Rishi Sunak met with G7 finance ministers and central bank governors to discuss the role of finance in supporting the net-zero transition and implored developed nations to raise efforts to generate $100bn in annual revenue to support developing nations combat the climate crisis. EURACTIV's media partner, Edie.net reports.