Green finance

EXPLAINER: How the ECB can print ‘green money’

As the European Commission starts preparing a recovery plan to counter the economic fallout from the coronavirus pandemic, pressure is growing on the European Central Bank to play its role and use the opportunity to accelerate the green transition. On...
Future of mobility 25-03-2020

‘Worst crisis ever’: Carmakers line up for recovery cash amid calls to go green

While European carmakers cry for help, environmentalists say public money aimed at helping the automotive industry recover from the COVID-19 crisis must be future-proof and geared towards green technologies.

EU experts recommend two-tier approach to ‘green’ investment rules

European policymakers should use a two-tier approach to define sustainable investments in order to smooth the bloc's transition to a low carbon economy, a group of industry experts has said.

Europe’s €1.2 trillion low-carbon opportunity

European companies are starting to reap the benefits of low-carbon investment, but must double down on green spending to realise its full potential, write Steven Tebbe and Rob Bailey.

Climate-friendly stocks are moving markets away from short-termism, EU watchdog says

Climate-friendly stocks have outperformed the broader market in the past two years and could also help to combat "short-termism" in financial markets, the European Union's securities regulator said on Wednesday (19 February).
Climate change 17-02-2020

Poland’s just transition bonus cut 50% under latest EU budget proposal

Poland would see its €2 billion share of the EU’s Just Transition Fund cut in half under a new EU budget proposal published on Friday (14 February), which penalises countries that have not signed up to the bloc’s 2050 ‘climate-neutrality’ goal.

Parliament urges ECB to put climate at heart of strategy review

EU lawmakers have called on the European Central Bank (ECB) to put climate change at the centre of the bank’s review of its monetary policy strategy this year, endorsing the bank’s chief vision for “gradually eliminating” carbon assets. EURACTIV's media partner Climate Home News reports.

MEPs urge reviewing EU list of energy projects in light of Green Deal

Members of the European Parliament have written to the European Commission, voicing concern that EU spending on LNG and other gas projects “may not be in line with the Union’s climate commitments under the Paris Agreement”.

‘There is overlap’ between EU’s green trillions, says EIB energy chief

The European Investment Bank decided to scrub its loan books of fossil fuels in 2019 but the lender's head of energy policy, Andrew McDowell, insists that there is more to the change of direction than ditching coal and gas.
Economy & Jobs 06-02-2020

This is how Europe is opening the floodgates to ‘green’ money

The European Commission launched on Wednesday (6 February) a consultation with member states, the European Parliament and other stakeholders to review the EU's fiscal rules, the Stability and Growth Pact.
Economy & Jobs 31-01-2020

EU bank rides out Brexit impact ‘surprisingly well’, says EIB chief

Economic uncertainty caused by the UK’s imminent EU departure did not stop the European Investment Bank (EIB) having a record-breaking year in 2019, according to the bank’s president. Werner Hoyer said that the lender dealt with it “surprisingly well”.

Piecing together Europe’s climate finance puzzle

The climate neutrality puzzle is massive. As EU affairs ministers meet in Brussels today (27 January), they should ensure €260 billion are invested annually to lead a fair and just transition away from fossil fuels, campaigners write.

ECB’s Lagarde warns of ‘danger of doing nothing’ on climate

ECB chief Christine Lagarde on Thursday (23 January) said the bank would study what role it could play in combatting climate change as part of a major policy review, warning of "the danger of doing nothing".

EU’s Breton looking into ‘non-conventional’ measures to finance Green Deal

The EU's internal market commissioner, Thierry Breton, suggests tapping into the ECB's "easy money" and issuing long-term bonds of up to 50 years in order to unlock the €1,000 billion needed to finance the European Green Deal. EURACTIV France reports.
Economy & Jobs 21-01-2020

PwC boss ‘disappointed’ that climate is not considered a top risk for CEOs

The top five challenges for the World Economic Forum this year in Davos were related to climate and sustainability. However, climate is not considered among the top ten risks for CEOs, according to a survey published by accounting firm PwC ahead of the forum on Monday (20 January).

Poland, Germany get largest slices of Just Transition Fund

The European Commission’s €7.5-billion-strong Just Transition Fund (JTF) is set to allocate €2 billion to Poland and €877 million to Germany under a proposal sent to national governments on Wednesday (15 January).

Germany’s incoming ECB board member opposes pumping cash into green assets

The European Central Bank should not favour so-called "green" assets in its multi-trillion-euro bond-buying programme or its work as bank supervisor, incoming ECB board member Isabel Schnabel said in an interview published on Monday (30 December).

EU seals deal on green finance in breakthrough for climate goals

Lawmakers in the European Parliament have approved a compromise on the EU’s proposed sustainable finance rulebook, ending a bitter fight with EU member states on whether to recognise nuclear power as “green”.

UK’s Brexit election explained: ‘There will be one less pro-climate vote in the EU’

With Germany’s dwindling leadership on climate, Britain’s departure from the European Union could have “potentially huge” consequences for climate policy, says Sandrine Dixson-Declève.

France, UK block green finance deal in setback for climate goals

Led by France and Britain, EU states yesterday (11 December) blocked a set of new rules governing which financial products can be called "green" and "sustainable", fearing it would prevent investments in nuclear and gas projects.
Climate change 10-12-2019

COP25 news and views: What’s happening in Madrid

As UN climate negotiations enter their second and decisive week, EURACTIV gives you a glimpse into the goings on of the 25th climate conference in Madrid (COP25) and what is driving the conversation there. In this edition: train ride, ray of the day, reality check-point, and climate finance big time.

‘Do no harm’: Nuclear squeezed out of EU green finance scheme

European Greens claimed victory on Thursday (5 December) after EU negotiators reached agreement on a green finance taxonomy aimed at channelling billions of private investor’s money into clean technologies. Coal, and – in principle – nuclear power, are out.

EU reaches milestone by agreeing on green criteria for finance

MEPs and the Finnish presidency of the EU Council agreed Thursday (5 December) on a taxonomy to determine what economic activities can be considered ‘green’, paving the way for billions of euros to be channelled into investments to fight climate change.
Climate change 05-12-2019

Revolt brewing against EU’s ‘unrealistic’ climate goals

Czech Prime Minister Andrej Babiš has threatened to veto Europe’s goal of becoming the first climate neutral continent in the world by 2050, adding his voice to a growing chorus of discontent as EU leaders prepare for heated climate discussions at a summit in Brussels next week.

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