Green finance

Climate change 06-12-2017

To fill the climate finance deficit, French summit looks at its governance

Adapting rules instead of pledging millions: two years after the Paris Agreement, the fight against climate change has changed strategy. EURACTV France reports.

Energy 30-11-2017

Finance expert: Small-scale energy efficiency loans deserve more EU attention

There are many creative ways to finance small-scale energy efficiency projects such as building renovations, but they need to be discussed more at the European Commission level, and defined more precisely, Jessica Stromback told EURACTIV Czech Republic.

Development Policy 22-11-2017

EU lighting up Africa with solar

Nearly €340 billion of investment will be needed to achieve universal access to electricity across Africa by 2030, the World Energy Network forecasts. That is a tall order. The combined grid capacity of the 48 sub-Saharan African countries is around 70 gigawatts, roughly equivalent to that of Spain. While that €340 billion target is unlikely to …

Climate change 20-11-2017

Climate finance, the sticking point in COP23

Rich countries had pledged to raise $100 billion each year in climate finance for developing countries by 2020. As of September 2017, they had pledged just $10.3 billion. And the question of who should pay remains unanswered. EURACTIV reports from the COP23 in Bonn.

Luxembourg seeks to become Europe’s green finance hub

At the COP23 summit in Bonn, Luxembourg's finance and environment ministers joined with directors of the European Investment Bank to launch a de-risking mechanism that will allow financing of climate-friendly projects. 

Energy 17-11-2017

World’s biggest sovereign wealth fund proposes ditching oil and gas holdings

The Norwegian central bank, which runs the country’s sovereign wealth fund – the world’s biggest – has told its government it should dump its shares in oil and gas companies, in a move that could have significant consequences for the sector. EURACTIV's media partner The Guardian reports.

Climate change 08-11-2017

A climate summit in Paris to compensate for the lack of European ambition

The French summit aimed at regrouping and bolstering climate ambition, two years to the day after the finale of the COP21, is gradually taking shape. EURACTIV France reports.

Sustainable finance requires a change in incentives

Hurricane Harvey’s trail of carnage through Houston, the oil capital of the US, was a stark reminder of the effect that climate change can have on our economy, writes Peter Blom.

Energy 24-10-2017

Sustainability: Renewable energy in Europe’s clean energy transition

Climate change is an urgent issue that demands global action. Following the Paris Climate Agreement, Europe has embraced the clean power transition and set itself a goal of becoming the world’s number one in renewables.

Climate change 03-10-2017

‘Thou shalt not burn coal’: Catholic institutions abandon fossil fuels en masse

Forty Catholic institutions from across the world will pull money out of fossil fuels this week, in the biggest single divestment made by religious institutions, including banks, universities and even the Italian town where Saint Francis of Assisi was born.

Transport sucks up nearly half of Europe’s fossil fuel subsidies, report finds

European countries spend more than €112 billion per year subsidising oil, gas and coal production or consumption – including tax breaks on highly-polluting diesel – despite a pledge to phase out fossil fuels completely by 2020.

Economy & Jobs 21-09-2017

Commission wants bigger role for regulators in sustainable finance development

The European Commission has proposed giving the European Supervisory Authorities broader powers to determine what represents environmental, social and governance investment and to monitor banks’ activities in this field.

Opening new frontiers in green finance

What do Islamic investors and EU bureaucrats have in common? Both have entered the green bond market this summer, explain Harald Lund and Elisabeth Lannoo.

Climate change is everyone’s business – the ECB is no exception

Whilst the European Union is firmly committed to joining the fight against climate change and developing sustainable finance, the significance of the role the European Central Bank can play is being overlooked, write Ludovic Suttor-Sorel and Frank van Lerven.

How EU can end corporate short-termism and create sustainable financial system

The notion of corporate governance must be revised to protect us from short-term shareholder interests and ensure we make the long-term investments vital to our future, argues Filip Gregor.

The Capital Markets Union can deliver Europe a sustainable future

The European Commission’s mid-term review of the Capital Markets Union Action Plan shows it is serious about sustainable finance, but more remains to be done, write Christian Thimann and Steve Waygood.

Time for Europe’s financial community to join the climate fight

Although many lessons have been learnt since the global crisis, the financial system is still not fit for purpose, in one crucial respect, warns Arlene McCarthy.

Winds of change: EU embarks on sustainable finance mission

Disturbing developments on the international political scene have only increased the resolve of the European Union to lead in taking action against the impact of climate change. Flavia Micilotta explains why financing is a key component.

Transport 19-07-2017

EIB approves €12 bn for transport, energy, infrastructure

The European Investment Bank (EIB) has approved new financing worth €12.4 billion for projects in transport, including a new metro line in Paris, infrastructure and energy, the bank said on Tuesday (18 July).

Juncker Plan falls short of offering green projects, expert group says

The high-level group on sustainable finance proposed on Tuesday (18 July) a new platform to match capital and green projects, as the Juncker Plan did not develop the 'big pipeline' that was expected to unlock the money resting in the pockets of big investors.

Cape Town shares lessons of record drought

Cape Town, South Africa’s second largest city, is experiencing its worst drought in 100 years. Gareth Morgan, trade and investment officer for the city, told EURACTIV.com that the crisis was also an opportunity to seek solutions which could be of use in other parts of Africa.

Green finance group calls on EU to stop funding fossil fuels

A group of financial experts has set out their vision for hardwiring sustainability goals into the European Union’s financial system, calling on 28-country bloc to stop pouring public money into polluting fossil fuels and focus spending on clean energies instead.

Reshaping the financial system as a tool for good

The European Commission's High Level Expert Group on Sustainable Finance delivered its interim report today (13 July). Ingrid Holmes, one of the members of the group, explains how the financial system can help address long-term challenges such as climate change.

Europe urged to lead green finance agenda at G20

INTERVIEW / As the G20 opens in Hamburg this week, Europe needs to reflect on how it can push the global green finance agenda without the United States on board, said Christian Thimann, head of sustainability at French insurance group AXA who chairs an EU high-level group on sustainable finance.

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