Green finance

Researcher: Brussels is paving the way for nuclear power’s green revival

In all likelihood, the European Commission will table a proposal in the coming months to include nuclear energy in the EU’s green finance taxonomy, said Thomas Pellerin-Carlin, a researcher at the Jacques Delors Institute. But it is probably waiting for the outcome of the German elections before making a move, he suggested.

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.

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.

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.

‘There is overlap’ between EU’s green trillions, says EIB energy chief

The European Investment Bank (EIB) decided to scrub its loan books of fossil fuels in 2019 but the lender's head of energy policy, Andrew McDowell, insists that there is more to the change of direction than ditching coal and gas.
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).

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.

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.

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.

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.

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.

Sustainable financing can no longer operate as a niche, German finance expert says

In an interview with EURACTIV Germany, Deutsche Börse Group's head of sustainability management, Kristina Jeromin, spoke about the increasing involvement of shareholders in the activities of their respective companies and explained why she considers 'Greenwashing' accusations to be destructive.

CDP boss: ‘Companies or sectors may face liability risks on climate change’

Private investors need to come clean and commit to science-based targets on climate change, says Paul Simpson. Unfortunately, “there is still money out there for the dirty investments in the short term,” he laments, calling on regulators to take action against opaque finance.

Pension fund chief: We are seeing a strong movement towards green financing

Investors increasingly have to take into account the legal risks associated with global warming and more and more of them are adopting a socially responsible approach, Phillippe Desfossé told EURACTIV France as Climate Week opens in New York.

Sustainable finance expert: Investment transparency is crucial

A high-level expert group released on Wednesday (31 January) a report to help guide the European Commission in its quest to make the EU's economy sustainable. One of the members of the group explained some of the detail in an interview with EURACTIV.com.
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.

AXA sustainability chief: Penalties for fossil fuel assets ‘merit close attention’

The European Commission’s High-Level Group on sustainable finance is currently looking at the pros and cons of slapping “penalties” on fossil fuel assets that may end up being stranded as investors shift to low-carbon portfolios, Christian Thimann told EURACTIV in an exclusive interview.
Climate change 14-11-2016

World Bank economist: ‘Better climate risk management could save the poor billions each year’

Natural disasters plunge 26 million people into poverty every year, according to a new report by the World Bank. The organisation believes the efficiency of aid could be improved by targeting climate risk management efforts on the most vulnerable, Stéphane Hallegatte told EURACTIV France.