Green finance

The Berlaymont building lit in green
Economy & Jobs 13-10-2021

EU launches world’s largest green bond issuance to date

The European Commission on Tuesday (12 Octobre) issued €12 billion worth of green bonds on financial markets to finance the green parts of its €800 billion coronavirus recovery fund. This represents the world’s largest green bond issuance to date.

10 EU countries back nuclear power in EU green finance taxonomy

“Nuclear power must be part of the solution” to the climate crisis and the rise in energy prices, according to a group of 10 EU countries led by France and Poland who signed a joint opinion article published across major European newspapers on Monday (11 October).

Germany’s SPD pushes for inclusion of gas in EU green finance taxonomy

The role of gas in the energy transition should be reflected in the EU’s green finance taxonomy, according to the economy and energy spokesperson of Germany's social democratic SPD party, which is expected to lead the next German government coalition.

Brussels seeks ‘international coalition’ on trade in green goods

The European Commission will convene a ministerial meeting next year to promote trade as a way of reaching climate and environmental objectives in what could be the first step towards the creation of a “climate club” called for by Germany....

EU lawmakers reject attempts to block green investment rules

European Parliament members on Monday (27 September) rejected three attempts by some lawmakers to block the European Union's proposed rulebook for sustainable investments, as Brussels edges towards completing the first part of the landmark rules.

EU countries buy more time to scrutinise green investment rules

European Union countries on Wednesday (22 September) pushed back their deadline to object to the EU's proposed rule book for green investments, giving themselves another two months to scrutinise the politically sensitive policy.
Electricity 23-09-2021

Why Europe is facing an energy price surge

Prices for gas and electricity are soaring in Europe as winter approaches, forcing governments to react. Here is what's behind the price increase:

Climate-focused investors give warm welcome to EU masterplan

A European Union climate masterplan to raise the cost of pollution and eliminate emissions is a step towards a single carbon price that many investors striving to make companies more sustainable say can help to engineer deeper change.

ECB pledges to factor climate change more into policy

The European Central Bank said on Thursday (8 July) that it would further incorporate climate change considerations into its monetary policy, including on disclosure, risk assessment, and decisions on collateral and corporate sector asset purchases.

EU turns to finance to achieve ‘climate neutral continent’

Europe plans to funnel hundreds of billions of euros into sustainable investments each year through EU banks and markets to create the first "climate-neutral continent" by 2050.

Germany leads call to keep nuclear out of EU green finance taxonomy

A group of five EU member states led by Germany have sent a letter to the European Commission asking for nuclear energy to be kept out of the EU’s green finance taxonomy.
Economy & Jobs 30-06-2021

Lagarde makes a case for ‘green’ capital markets union 

The President of the European Central Bank, Christine Lagarde, on Wednesday (29 June) called for initiatives to create a capital markets union for sustainable finance.

Draft EU plan outlines regulatory roadmap for green finance

The European Commission is considering a wide range of measures to bring the EU's financial sector into line with its climate goals, according to a draft strategy paper to be published next Tuesday (6 July).
Climate change 25-06-2021

Success of climate change talks rests on finance, UN chief says

The success of international climate negotiations in November will depend on a breakthrough in financial contributions from rich countries, UN Secretary General Antonio Guterres said on Thursday (24 June).

EU watchdog tells banks to have a 10-year climate plan

Banks in the European Union must have a 10-year plan spelling out how they will deal with environmental, social and governance (ESG) risks to their bottom line, the bloc's banking watchdog said on Wednesday (23 June).
Climate change 14-06-2021

G7: What was (and wasn’t) agreed by world leaders to combat the climate crisis

From "green Marshall Plans" and net-zero energy sectors to a lack of clarity on green spending and transport decarbonisation, EURACTIV's media partner edie.net rounds up what was and wasn't agreed at the G7 Summit.

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

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.