Green finance

Von der Leyen’s French inspiration on climate protection

Ursula von der Leyen has great plans for environmental protection. Some of her ideas have long been propagated by France, but have been ignored by Germany so far. Can the new European Commission President change that? EURACTIV Germany reports.
Aviation 15-07-2019

Emission-busting aviation taxes gain ground, despite airline pushback

Ryanair in April became the first airline to be included among Europe’s top ten polluters, with some calling the airline company ‘the new coal’ industry. Large economies like France and Germany have begun seeking impact-reducing alternatives to air travel by imposing new taxes.

The world’s biggest climate fund eyes more efficiency, private funding

The GCF, the world’s biggest climate fund, tries to channel more money into climate projects – EU leaders had reaffirmed their commitment to the replenishment of the fund in their June summit’s conclusions. But its decision-making takes too long, critics say.  

UN Climate Fund to make funding green projects easier

The board of the UN Green Climate Fund is meeting from 6 to 8 July in Songdo, South Korea. The board is set on heralding a "paradigm shift" in climate financing and intends to accelerate the decision-making process to boost the fund's replenishment. EURACTIV Germany reports.

London’s bankers – pioneers of green finance?

Last week, the UK became the first major industrialised country to pass a law to reduce its carbon emissions to zero by 2050. Now London is publishing a strategy for redirecting global financial investments into climate-friendly projects. The idea of bankers investing in the environment should sound less paradoxical in the future. EURACTIV Germany reports.

Will Germany block the EU’s sustainable finance drive?

The EU is currently finalising a “taxonomy” aimed at shifting financial flows towards sustainable assets. However, Germany is leading a group of countries trying to muddy the waters by removing the disclosure requirement, writes Sébastien Godinot.

France returns to top of global green bond ranking

With more than €15 billion worth of green bonds issued since January, France has become a leader of green finance, ahead of the US and the Netherlands. EURACTIV's partner La Tribune reports.

Investors with $34 trillion demand urgent climate change action

Investors managing more than $34 trillion in assets, nearly half the world’s invested capital, are demanding urgent action from governments on climate change, piling pressure on leaders of the world’s 20 biggest economies meeting this week.
Climate change 25-06-2019

EU countries urged to see ‘opportunity in climate change’

Climate change should be seen as an opportunity not a threat but the tools at the EU’s disposal need to be changed to deal with the coming challenge, according to officials, MEPs and climate experts.

French nuclear to suffer after exclusion from EU’s green investment label

The European Parliament's decision to exclude the nuclear energy sector from the list of investments that can benefit from the EU's green investment label will have consequences for the sector, particularly in France. EURACTIV France reports.
Air Quality 20-06-2019

Poland’s multi-billion-euro clean air quest in peril

A €25 billion clean air programme launched by the Polish government is in danger of losing EU support. Warsaw has until Friday (21 June) to prove its commitment, according to a letter sent by the European Commission and seen by EURACTIV.

EU expert group drives sustainable finance’s mainstreaming two steps ahead

European sustainable finance got an additional boost on Tuesday (18 June), following the release of three reports by the Technical Expert Group on sustainable finance (TEG) focusing on taxonomy, green bonds standards and climate benchmarks.

Europe wants to replenish UN Green Climate Fund

European member states want to commit to increasing international climate financing to a new level. They want to replenish the UN's Green Climate Fund, according to a draft of a European Council statement, which is to be adopted at the EU summit next week. EURACTIV Germany was able to see the declaration in advance.

Sustainable financing can no longer operate as a niche, German finance expert says

In an interview with EURACTIV Germany, Deutsche Börse Group's head of sustainability management, Kristina Jeromin, spoke about the increasing involvement of shareholders in the activities of their respective companies and explained why she considers 'Greenwashing' accusations to be destructive.

Leak: These are the five priorities for the next finance Commissioner

A new strategy for the capital markets union, fintech, financial stability, sustainable economy and Brexit are the priorities listed for the next financial services commissioner, according to the memo drafted by European Commission officials and seen by EURACTIV.com.

Capital markets need to start making sustainability mainstream – report

We need to reboot the financial system and rethink old structures. This is what the OECD, the World Bank Group and the UN Environment Programme are calling for in their new joint report. Sustainable finance should become mainstream, but the market is still lagging far behind. EURACTIV Germany reports.

Climate change is a key priority for Sibiu summit on Future of Europe

Investors are clear, as global leaders in addressing climate change, it is vital for the EU to send strong, long-term signals about how it will fulfil – and indeed, step up – its commitment to meeting the goals of the...

‘Historic breakthrough’: Norway’s giant oil fund dives into renewables

Norway’s $1tn oil fund, the world’s largest sovereign wealth fund, is to plunge billions of dollars into wind and solar power projects. The decision follows Saudi Arabia’s oil fund selling off its last oil and gas assets. EURACTIV's media partner, The Guardian, reports.

Diverting fossil fuel investments to renewables is not enough

Debate over the cost merits of fossil fuels against renewable power generation has traditionally focused on the levelised cost of electricity (LCOE), which has dropped dramatically in the case of wind and solar power. But that ignores the upfront capital costs, which are still up to seven times higher for renewables, writes Mike Parr.

Nuclear power excluded from EU’s green investment label

The European Parliament voted on a proposed classification for sustainable assets on Thursday (28 March), voting to exclude nuclear power from receiving a green stamp of approval on financial markets.
Energy 25-02-2019

Banking on the energy transformation

In the last five years, the European Investment Bank (EIB) provided over €50 billion in clean energy investments in Europe and around the world. As a new cycle opens, Andrew McDowell explains the key principles that will underpin the EIB’s future lending policy.

The beacon of sustainable finance in Europe must not lose its flame

One year after the High-Level Expert Group on Sustainable Finance released its final report, the follow up on its recommendations is lagging somewhat behind, writes Catherine Howarth.

EU governments must drive investors’ money where their mouth is

There is a big risk that the European Commission’s proposals on sustainable finance will be watered down when EU member states examine the draft legislation, warn Lis Cunha, Sebastien Godinot and Rachel Owens.

Four things the EU should do to strengthen climate action before this mandate ends

EU institutions still have time for a series of concrete actions to strengthen climate policy before their mandate ends and get their successors off to a flying start, write Sanjeev Kumar and Edward Robinson.

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