Green finance

G7 agree on ‘historic steps’ to make climate reporting mandatory

Energy & Environment 07-06-2021

The UK's Chancellor of the Exchequer, Rishi Sunak, met with finance ministers in London this weekend, with discussions leading to a historic agreement that G7 nations will mandate climate reporting in line with the recommendations of the global Taskforce on Climate-related Financial Disclosures (TCFD). EURACTIV's media partner edie.net reports.

Brussels offers EU countries greater say on green finance taxonomy

The European Commission has offered EU member states a greater role in deciding which technologies can be considered a sustainable investment in Europe after narrowly escaping a humiliating defeat last year over draft labelling rules for gas under its green finance taxonomy.
Biofuels 27-05-2021

Biofuel makers protest against EU’s green investment taxonomy rules

Biofuels made from food-and-feed crops do not meet the EU’s green taxonomy criteria, according to a European Commission proposal, a move biofuel makers said will hamstring Europe's ability to meet green transport goals.

German 30-year green bond attracts record demand

Investors have been scrambling to purchase Germany's new 30-year green bond despite the ongoing sell-off in the bond market that usually depresses demand. Previously, green bonds had only been issued with five or 10-year maturities. EURACTIV Germany reports.
Climate change 07-05-2021

Merkel’s last climate summit fails on finance for poor nations

The 12th Petersberg Climate Dialogue, hosted in Berlin on Thursday (6 May), failed to deliver on expectations of increased financial support for poorer countries.

Germany hatches plan to attract green investment capital

The German government is planning a new green financing strategy to steer capital towards environmental projects and developing Germany into a leading hub for sustainable finance, plans seen by Reuters show.

NGOs walk out on EU green finance group over forestry, bioenergy rules

The WWF and several other NGOs have decided to suspend their participation in the European Commission’s Sustainable Finance Platform in protest against what they see as weak and “unscientific” criteria for bioenergy and forestry in the EU’s green finance taxonomy.
Climate change 22-04-2021

Most major companies failing climate targets: study

Fewer than one in four of the world's largest companies are on track to meet basic climate change targets, according to a new study published on Thursday (22 April) ahead of a US-hosted climate summit where world leaders are expected to announce new commitments to cut emissions.

EU spells out criteria for green investment in new ‘taxonomy’ rules

The European Commission on Wednesday (21 April) unveiled a first batch of implementing rules under the EU’s sustainable finance taxonomy, spelling out detailed technical criteria that companies need to comply with in order to win a green investment label in Europe.

MEP Canfin: The French hard line on nuclear is a dead end

The hard line defended by France over the inclusion of nuclear power in the green finance taxonomy is a dead end because there is no majority in favour of it at the EU level, warns lawmaker Pascal Canfin. Instead, the French MEP argues for including nuclear energy in the 'transition' category.

LEAK: EU taxonomy draft leaves bioenergy and forestry off the hook

The European Commission has decided to leave out agriculture but kept controversial criteria for bioenergy and forestry in the first batch of proposed implementing rules due to be presented on Wednesday (21 April) as part of the EU’s green finance taxonomy, EURACTIV has learned.

LEAK: EU to table ‘climate taxonomy’, leaving gas and nuclear for later

The European Commission plans to delay a decision on whether to label nuclear and natural gas power plants as a sustainable investment under green finance rules due to be published next week, according to a leaked document seen by EURACTIV.

EU chief adviser says credibility of green finance rules at risk

The head of the group advising the European Union on its green finance rules has urged Brussels to resist political pressure to weaken them, saying the credibility of the regulation is at stake.

G7 ponders increasing climate finance in build-up to COP26

UK Chancellor Rishi Sunak met with G7 finance ministers and central bank governors to discuss the role of finance in supporting the net-zero transition and implored developed nations to raise efforts to generate $100bn in annual revenue to support developing nations combat the climate crisis. EURACTIV's media partner, Edie.net reports.

Don’t weaken sustainability criteria for green hydrogen, renewable groups tell Commission

Europe should support high sustainability standards for clean hydrogen in its green finance rules, argue a group of 24 renewable energy companies and industry bodies in a letter sent to the European Commission on Wednesday (31 March).

How the European Commission is underselling climate action

A blanket 10% rate of interest on borrowing is being assumed for the European Commission's upcoming 2030 package of climate and energy laws. This fails to take into account the present low rates across most European countries, writes Ursula Woodburn.

Poland, others step up push for gas in EU green finance rules: document

Poland, Bulgaria and seven other countries have stepped up their push to ensure natural gas is classed as a sustainable investment under EU finance rules, warning Brussels its latest proposal falls short, a document seen by Reuters showed.

LEAK: EU experts to say nuclear power qualifies for green investment label

Experts tasked with assessing whether the European Union should label nuclear power as a green investment will say that the fuel qualifies as sustainable, according to a leaked document.

Macron, Orban urge EU to ‘actively support’ nuclear power

A group of seven European leaders fronted by French President Emmanuel Macron has called on the European Commission to stop hindering nuclear power and consider ways of bringing atomic energy into the EU’s green finance rule book ahead of an EU summit on Thursday (25 March).

EU to offer gas plants a green finance label, under certain conditions

The European Union plans to label some gas power plants as sustainable investments, after an initial proposal to deny them a green label faced a backlash from a group of 10 EU member states.

Greek power utility forges ahead with corporate green financing

Greece's Public Power Corp. (PPC), the country's biggest energy company, has surpassed expectations with its first-ever green bond. The energy utility also broke new ground at EU level by committing to pay investors a higher fee if it misses its climate goals, EURACTIV.gr reports.

EU taxonomy shutting the door to grid-powered hydrogen, critics say

A coalition of industrialists and electricity companies have expressed concerns about a draft emission threshold below which hydrogen would be considered “green” under the EU’s sustainable finance taxonomy.

LEAK: EU considers expanding role of gas in green finance

The European Commission is reconsidering the position of gas in its sustainable finance taxonomy by recognising the fossil fuel’s role in keeping the lights on during peak electricity demand, according to a leaked document seen by EURACTIV.

EU prepares to turn the screw on asset managers over greenwashing

For money managers and advisers keen to market their sustainable investing credentials to European clients, going green is about to get a lot tougher.

France proposes common US-EU rules for green finance

Europe and the United States should agree on common rules to determine how 'green' a financial investment is, France's finance minister has said after talks with US President Joe Biden's climate envoy.