Green finance

EU’s Breton looking into ‘non-conventional’ measures to finance Green Deal

Energy & Environment 21-01-2020

The EU's internal market commissioner, Thierry Breton, suggests tapping into the ECB's "easy money" and issuing long-term bonds of up to 50 years in order to unlock the €1,000 billion needed to finance the European Green Deal. EURACTIV France reports.

ECB’s Lagarde warns of ‘danger of doing nothing’ on climate

ECB chief Christine Lagarde on Thursday (23 January) said the bank would study what role it could play in combatting climate change as part of a major policy review, warning of "the danger of doing nothing".
Economy & Jobs 21-01-2020

PwC boss ‘disappointed’ that climate is not considered a top risk for CEOs

The top five challenges for the World Economic Forum this year in Davos were related to climate and sustainability. However, climate is not considered among the top ten risks for CEOs, according to a survey published by accounting firm PwC ahead of the forum on Monday (20 January).

Poland, Germany get largest slices of Just Transition Fund

The European Commission’s €7.5-billion-strong Just Transition Fund (JTF) is set to allocate €2 billion to Poland and €877 million to Germany under a proposal sent to national governments on Wednesday (15 January).

Germany’s incoming ECB board member opposes pumping cash into green assets

The European Central Bank should not favour so-called "green" assets in its multi-trillion-euro bond-buying programme or its work as bank supervisor, incoming ECB board member Isabel Schnabel said in an interview published on Monday (30 December).

EU seals deal on green finance in breakthrough for climate goals

Lawmakers in the European Parliament have approved a compromise on the EU’s proposed sustainable finance rulebook, ending a bitter fight with EU member states on whether to recognise nuclear power as “green”.

UK’s Brexit election explained: ‘There will be one less pro-climate vote in the EU’

With Germany’s dwindling leadership on climate, Britain’s departure from the European Union could have “potentially huge” consequences for climate policy, says Sandrine Dixson-Declève.

France, UK block green finance deal in setback for climate goals

Led by France and Britain, EU states yesterday (11 December) blocked a set of new rules governing which financial products can be called "green" and "sustainable", fearing it would prevent investments in nuclear and gas projects.
Climate change 10-12-2019

COP25 news and views: What’s happening in Madrid

As UN climate negotiations enter their second and decisive week, EURACTIV gives you a glimpse into the goings on of the 25th climate conference in Madrid (COP25) and what is driving the conversation there. In this edition: train ride, ray of the day, reality check-point, and climate finance big time.

‘Do no harm’: Nuclear squeezed out of EU green finance scheme

European Greens claimed victory on Thursday (5 December) after EU negotiators reached agreement on a green finance taxonomy aimed at channelling billions of private investor’s money into clean technologies. Coal, and – in principle – nuclear power, are out.

EU reaches milestone by agreeing on green criteria for finance

MEPs and the Finnish presidency of the EU Council agreed Thursday (5 December) on a taxonomy to determine what economic activities can be considered ‘green’, paving the way for billions of euros to be channelled into investments to fight climate change.
Climate change 05-12-2019

Revolt brewing against EU’s ‘unrealistic’ climate goals

Czech Prime Minister Andrej Babiš has threatened to veto Europe’s goal of becoming the first climate neutral continent in the world by 2050, adding his voice to a growing chorus of discontent as EU leaders prepare for heated climate discussions at a summit in Brussels next week.

EU banking regulator: ‘No green economy if we encourage banks to be insolvent’

Europe wants to use all the tools available to transit toward a 'green' economy. But ‘green’ lending should not be incentivised by easing capital requirements for banks, the European Banking Authority chief, Jose Manuel Campa, told EURACTIV in an exclusive interview.
Energy 04-12-2019

US economist Rifkin: ‘Budgetary rules should not apply to green investments’

While visiting Paris, American economist Jeremy Rifkin talked to EURACTIV France about his hopes for the new European Commission's Green Deal, while calling for a climate narrative that inspires real change across society.

Maturing businesses look to SDGs, Paris Agreement for green guidance

Greener business models are starting to gain in popularity, as environmental legislation starts to bite and company heads decide their balance sheets will look healthier in the long-run if they embrace change.

Ex-finance minister: Gentiloni’s SDG-oversight will be ‘key’

Italy's former finance minister Domenico Siniscalco insists that sustainable finance is going from strength to strength and that it will hold the key to effectively combating climate change. He also believes that compatriot Paolo Gentiloni will play a crucial role.
The Movasa Wind Farm in Costa Rica.

Sustainable finance: Going green’s crucial ingredient

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The scale of the energy transition required in Europe and the wider world is huge, as is the financial bill attached to the shift. Companies are already starting to align their business models around green policies but is there appetite...
Economy & Jobs 03-12-2019

ECB to review its mandate with ‘open mind’, Lagarde says

The European Central Bank (ECB) will embark on a strategic review of its mandate and instruments to achieve its inflation target of 2% with an “open mind”, its president Christine Lagarde said on Monday (2 December).

Green finance sector expected to discuss issue of climate justice at COP25

Just before the COP25, which will take place in Madrid from 2-13 December, France's leading financial institutions discussed the issue of climate justice and corporate social responsibility at the Climate Finance Day, which took place in Paris on 29 November. EURACTIV France reports.
Climate change 29-11-2019

German central banker pushes back on calls for ECB to fight climate change

Bundesbank chief Jens Weidmann on Thursday (28 November) batted back calls for the European Central Bank to take a bigger role in protecting the environment, saying it was up to goverments and not the ECB to fight climate change.

French insurer AXA vows to stop insuring fossil fuel-dependant companies

The French insurance company AXA has announced its own plan to help phase out coal production in Europe by 2030, under which it would no longer be insuring companies that are too dependent on fossil fuels. According to NGOs, this plan has "no blind spots". EURACTIV France reports.

Paris, Berlin divided over nuclear’s recognition as green energy

Disagreement on the inclusion of nuclear power in the EU’s upcoming green finance taxonomy has revived long-standing divisions between France and Germany over the energy transition. EURACTIV France reports.

EU climate investment falls behind China and the US

The European Union continues to lag behind in terms of ‘green’ investment compared with China and the US, the EIB warned on Tuesday (26 November). The lender said that financing should increase by one-third to achieve a net-zero emissions economy by 2050.

EU strives to clarify ‘transition activities’ on path to zero-carbon goal

The European Commission has attempted to define “transition” and “enabling” economic activities on the way to net-zero emissions as part of efforts to reach compromise on a draft EU green finance taxonomy.
Energy 18-11-2019

Financing the energy transition: Where’s the money?

Incoming Commission President Ursula von der Leyen’s pledge to turn Europe into “the world’s first climate-neutral continent” means efforts to green the economy are set to go into overdrive. But where will the necessary funds come from to back the...

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