Green finance

EU bank kicks climate can down road to November 

Energy & Environment 15-10-2019

The European Investment Bank decided on Tuesday (15 October) to delay a decision on updating its energy lending policy until November. Germany and the European Commission are still pushing for controversial changes to the bank’s original fossil-fuel-free proposal.

Gas industry storms into EU green finance taxonomy debate

Industry executives argue fossil gas should be considered green when it displaces coal in power generation, sparking fresh controversy around an upcoming EU sustainable finance taxonomy aimed at rewarding investments in clean technologies.

Juncker Commission stalls EU climate bank in starting blocks

While the European Investment Bank is making efforts to end fossil fuel funding, the Juncker Commission is doing its best to frustrate it – and to undermine Ursula von der Leyen, writes WWF’s Sébastien Godinot.

Why we should back the EIB on ambitious energy policy

As part of putting the Paris Agreement into action, the EU and its Member States should back the European Investment Bank’s proposal to cease fossil investments, writes Sir Graham Watson.
Railways 11-10-2019

Deutsche Bahn’s credit rating boosted thanks to German climate law

Germany’s railway service has had its credit rating score raised in response to a new climate law that will levy air and road travel, while cutting VAT for train journeys, in what has been hailed as a first in Europe.

Sustainable finance drive can help address EU’s political challenges

Sustainability and inclusivity have correctly been placed as guiding principles for Europe’s finance policy. The next few months – with decisions on the EIB and the start of a new European Commission – will be decisive in order to put those principles into action, write Tom Jess and Sandrine Dixon-Declève.

A clear, credible climate protection law is good for business, German expert says

In an interview with EURACTIV Germany, Karsten Neuhoff, a climate expert and professor, spoke about Germany's hotly-debated climate protection bill, stressing that a clear regulatory framework with "clear and credible paths for reducing emissions" is attractive for businesses.
Energy 08-10-2019

Germany’s steel industry not changing practices despite pressure to go green

Germany's energy-intensive steel industry needs to reinvent itself so that it can meet European climate targets and remain competitive. However, there is still a long road to go before the sector goes green. EURACTIV Germany reports.
Energy 07-10-2019

Will Germany block EIB plans to ditch natural gas?

The European Investment Bank wants to purge its loan books of fossil fuels, including natural gas, by 2020. Although the Bank's final decision is expected to be delivered on 15 October, resistance, especially from Germany, is brewing. EURACTIV Germany reports.

Council maintains nuclear as eligible for ‘green’ finance

EU ministers have decided not to exclude nuclear projects from a sustainable finance classification scheme, despite opposition from Germany, Austria, Luxembourg and the European Parliament.

Sustainable financing may have its limits

With an increasing number of investors being concerned about climate risks, they have started to push for sustainable business practices. Although they are showing more interest in protecting the environment, critics warn that such a "greening" of capitalism will not be enough. EURACTIV Germany reports.

EIB’s Werner Hoyer: ‘We aim for climate in everything we do’

In July, the European Investment Bank (EIB) published a draft of its proposed new lending policy for energy projects, which includes extra money for poorer EU countries, greater focus on renewables and phasing-out support for fossil fuel infrastructure after 2020. Werner Hoyer explains what this implies.

Investors demand binding EU measures to shield from climate risks

A growing number of investors are making their decision based on climate risks and sustainability criteria. Although EU lawmakers are working on making the valuation of companies more uniform in the EU taxonomy, financiers want binding measures. EURACTIV Germany reports.

European Green Deal calls for a green EU budget

Torn between the cuts caused by Brexit and the investments that the European Green Deal requires, negotiations over the next EU budget after 2020 are getting tough. The EU must not, however, pass on the challenge and use 40% of its funds to support climate action, writes Markus Trilling.

EIB begins metamorphosis into climate bank

European Investment Bank (EIB) directors will begin discussing on Tuesday (10 September) an updated lending policy which could see the EU bank stop funding fossil fuel projects. But some member states and even the European Commission might push for a more reserved approach.

European Central Bank should ‘gradually eliminate’ carbon assets, Lagarde says

The European Central Bank should phase out climate-warming investments by preferring green bonds, Christine Lagarde said as she pitched to become the bank’s first female president. EURACTIV's media partner Climate Home News reports.

Human rights and green finance: friends or foes?

Policymakers currently discussing a 'taxonomy' for sustainable finance products at EU level often argue that the proposal already includes social and human rights safeguards. This is not true in the least, warn Eleni Choidas, Lis Cunha and Rachel Owens.

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.

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