Green finance

Europe takes first step toward clarifying booming ‘green’ finance

The European Commission unveiled on Thursday (8 March) its highly expected action plan on sustainable finance, aiming to clarify what can be labelled as "green" investment and potentially lowering capital requirements on asset holders.

Commission to introduce rules to clarify ‘green’ investment in May

Following the action plan on sustainable finance to be published early next month, the European Commission will present legislation in May to define what represents 'green' investment, EURACTIV has learned.

Expert group recommends setting up European standards for ‘green bonds’

An EU sustainability taxonomy, a definition of priority investment areas, the clarification of investor duties and development of “official” European sustainability standards for green bonds are some of the recommendations experts made to the European Commission on Wednesday (31 January).
Energy 31-01-2018

EU finance advisors back ‘less risky’ energy efficiency loans

A high level group of financial experts has advised European regulators to encourage more favourable treatment for energy saving loans and mortgages, in a move that could unlock billions in lending for green building renovation programmes across Europe.
Climate change 26-01-2018

Climate change lauded as ‘opportunity’ in Davos

Businesses should seize a $6 trillion opportunity to invest in tackling climate change over the next two decades, the head of an Indian multinational said at Davos on Thursday (25 January).

Multinationals line up to claim 100% green power label

Renewables are becoming the energy source of choice for corporate electricity users, according to a new report by The Climate Group published in Davos today (23 January), which shows a growing number of multinationals lining up to meet 100% of their power needs from green power.

Europe will hike climate finance spending, insists Cañete

The EU’s climate chief Miguel Arias Cañete has vowed to increase the bloc’s funding for climate change adaption, pledging that 20% of the EU’s foreign spending would be allocated to climate-related projects.

Commission running late on climate reporting project

The Commission is working on its climate reporting project to be announced next spring, but Commission vice-president Valdis Dombrovskis already announced support for a relaxation of prudential regulations for green projects. EURACTIV France reports.
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.
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...
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.