Green finance

Transport 22-10-2020

EU bank urged to put brakes on Germany’s motorway millions

The European Investment Bank’s decision to loan Germany €264 million to build a new stretch of autobahn has provoked outcry from environmental activists and raised doubts about whether the Luxembourg-based lender can yet claim to be the ‘EU climate bank’.
Economy & Jobs 02-10-2020

McGuinness wants ‘full investigation’ into Wirecard scandal

The Commissioner-designate for financial services, Ireland's Mairead McGuinness, promised on Friday (2 October) a “full investigation” into the Wirecard fraud that has thoroughly shaken up Germany, to see why supervision failed.

Business leaders back EU’s draft 55% carbon target for 2030

More than 150 business leaders and investors have urged EU countries to set higher climate goals for 2030, backing a draft European Commission plan to aim for a 55% reduction in greenhouse gas emissions by the end of the decade.

Commission must issue green bonds to finance the green recovery

The European Commission has a unique opportunity to issue green bonds to finance the EU's coronavirus recovery plan and ensure overall investment coherence with the Green Deal, write Pascal Canfin and Bas Eickhout.

Germany raises €6.5 bln from first-ever green bond

Germany saw good demand for its first-ever green bond on Wednesday (2 September), in a landmark moment for Europe's climate-focused finance drive.

Gas and nuclear industries fight to the end for ‘green’ EU investment label

The gas and nuclear industries have ramped up lobbying to secure last-ditch changes to European rules defining which investments are sustainable, fearing that exclusion from a new “green” list could deprive them of billions of dollars of funding.

Germany launches first ‘green’ bonds

Germany on Monday (24 August) announced details of its first "green" bond placing, tapping financial markets to fund environmental projects for the first time.

Insurers call for more proactive EU climate change adaptation plans

The European Union's strategy to adapt to the risks of climate change needs to be much more proactive and ambitious in order to reduce the risk of natural disasters such as flooding, insurers said in response to a consultation on the issue.
Economy & Jobs 20-07-2020

Investors call out for green opportunities, as EU aims to open the door

In order to make the post-pandemic recovery as sustainable as possible, long-term green investments will be in hot demand. Participants at a virtual conference called “Investing post-COVID: is a green recovery assured?” called for more opportunities and a viable framework.

EU Commission criticised for its reporting on nuclear energy’s sustainability

The European Commission is looking into whether nuclear energy can be classed as a sustainable green investment. But the EU executive's decision to task its research centre with the assessment has already prompted criticism. EURACTIV Germany reports.

EU states spent more on fossil fuels than clean energy during the crisis, new data shows

France, Germany and Italy have collectively spent $44 billion on fossil fuels during the coronavirus crisis, compared to $29 billion for clean energy, according to fresh data released on Wednesday (15 July).
Climate change 14-07-2020

EU budget plan falls far short on climate goals, researchers say

A European Commission proposal for the European Union’s long-term budget and recovery fund risks leaving a huge shortfall in the “green” investment needed to meet Europe’s climate goals, researchers said on Tuesday (14 July).
Transport 13-07-2020

UN Sec-Gen insists on climate pact-compliant virus recovery

United Nations Secretary-General António Guterres has called on governments to make sure coronavirus bailouts, especially those in the transport sector, are compatible with the goals of the Paris Agreement on climate change.
Economy & Jobs 03-07-2020

Six months to reflect on the new world we want

Decision makers should ‘take a breath’ and come up with a comprehensive plan to achieve the digital and green future we want in the aftermath of the coronavirus crisis, officials and experts said.

EU experts to assess nuclear power’s green credentials

The European Commission has mandated its in-house research body, the Joint Research Centre (JRC), to assess whether nuclear power should be considered as a “green” technology under the EU’s sustainable finance taxonomy.

Pascal Canfin: On gas and nuclear, EU must apply green finance taxonomy

Whether in the European recovery plan or the just transition fund, Pascal Canfin says he is in favour of applying the EU sustainable finance taxonomy, which allows drawing a line between gas projects that merit public funding and those that don’t.

Investors urge EU to beef up firms’ environmental, social reporting rules

A group of investors, finance industry groups and other stakeholders are calling on the European Union to beef up "non-financial" reporting requirements for companies, such as their impact on the environment.

EU green finance czar: ‘Obvious’ that companies should report on climate risk

Reporting on greenhouse gas emissions should become mandatory "as soon as possible" for companies with more than 250 employees, argues Michèle Lacroix, an EU expert who helped design the EU's landmark green finance taxonomy.

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.
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