Green finance

Sustainable finance: ‘Germany needs to show leadership’

The EU economic recovery plan presented by European Commission President Ursula von der Leyen on 27 May will also be based on the so-called taxonomy which gives priority to sectors in the field of low-carbon transition. EURACTIV Germany reports.

‘Do no harm’: EU recovery fund has green strings attached

The European Union's proposed €750 billion fund to help the bloc recover from the coronavirus crisis will have green strings attached, with 25% of all funding set aside for climate action, the European Commission has said.

Green recovery hinges on the right data

EU policymakers are promoting a green recovery. A public-private agency rating companies’ climate performance would help keep it on track, argue Steven Tebbe and Laurent Babikian.

EU climate neutrality is essential, or recovery will be short-lived

A growing number of businesses have recognised the economic benefits of the transition to a carbon neutral economy. It is now critically important that Europe commits to strengthening the Green Deal with a 55% greenhouse gas reduction target for 2030, write Eliot Whittington and María Mendiluce.

Europe needs mandatory non-financial reporting to underpin COVID recovery

With a public consultation in progress for the Non-Financial Reporting (NFR) Directive, the EU Commission has an opportunity to lead the world in refocussing corporate efforts in a post-COVID-19 world, writes Carol Adams.

Emission thresholds in EU green finance taxonomy are too high. Here’s why

Carbon dioxide emission limits in the EU taxonomy suggested by the technical expert group are too high and will make it virtually impossible to reach EU climate goals for 2030 and 2050, argues a group of Swedish lawmakers.
Aviation 05-05-2020

Economy bigwigs rank airline bailouts last on virus recovery wishlist

More than 200 of the world’s foremost economic experts and officials spelled out their wishes for a post-coronavirus recovery on Tuesday (5 May), ranking airline bailouts last in order of climate-friendliness and long-term economic benefit.

Financiers join EU ‘green recovery alliance’

More than 50 CEOs from the banking and insurance sector – including household names such as BNP Paribas, AXA, Allianz, and Santander – have joined the “green recovery alliance” in the European Parliament.

Dutch spell out green ideas for EU recovery fund

The Netherlands has floated proposals to ensure a green recovery from the COVID-19 crisis, suggesting an “exclusion list” of economic activities like nuclear power, which the Dutch believe should be banned from receiving EU funds.

COVID crisis reinforces need for governments to go green

As the world's largest single market, the EU is an influential leader for setting global sustainability reporting standards. While we’ve seen significant growth in the number of organisations reporting sustainability impacts, more needs to be done to improve the disclosures, writes Tim Mohin.

EU says green finance will be ‘key focus’ of post-virus recovery phase

As EU countries fight the coronavirus pandemic, they “must not lose sight” of the EU’s climate neutrality objective, the European Commission reminded on Wednesday (8 April).

Climate change in the time of coronavirus: How we can green the ECB

If, like Cicero wrote, the sinews of war are infinite money, let’s make sure the funds are being used for the right battles, write Brook Riley and Peter Sweatman.

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.
Contribute