Green finance

Railways 11-10-2019

Deutsche Bahn’s credit rating boosted thanks to German climate law

Germany’s railway service has had its credit rating score raised in response to a new climate law that will levy air and road travel, while cutting VAT for train journeys, in what has been hailed as a first in Europe.
Energy 08-10-2019

Germany’s steel industry not changing practices despite pressure to go green

Germany's energy-intensive steel industry needs to reinvent itself so that it can meet European climate targets and remain competitive. However, there is still a long road to go before the sector goes green. EURACTIV Germany reports.
Energy 07-10-2019

Will Germany block EIB plans to ditch natural gas?

The European Investment Bank wants to purge its loan books of fossil fuels, including natural gas, by 2020. Although the Bank's final decision is expected to be delivered on 15 October, resistance, especially from Germany, is brewing. EURACTIV Germany reports.

Council maintains nuclear as eligible for ‘green’ finance

EU ministers have decided not to exclude nuclear projects from a sustainable finance classification scheme, despite opposition from Germany, Austria, Luxembourg and the European Parliament.

Sustainable financing may have its limits

With an increasing number of investors being concerned about climate risks, they have started to push for sustainable business practices. Although they are showing more interest in protecting the environment, critics warn that such a "greening" of capitalism will not be enough. EURACTIV Germany reports.

Investors demand binding EU measures to shield from climate risks

A growing number of investors are making their decision based on climate risks and sustainability criteria. Although EU lawmakers are working on making the valuation of companies more uniform in the EU taxonomy, financiers want binding measures. EURACTIV Germany reports.

EIB begins metamorphosis into climate bank

European Investment Bank (EIB) directors will begin discussing on Tuesday (10 September) an updated lending policy which could see the EU bank stop funding fossil fuel projects. But some member states and even the European Commission might push for a more reserved approach.

European Central Bank should ‘gradually eliminate’ carbon assets, Lagarde says

The European Central Bank should phase out climate-warming investments by preferring green bonds, Christine Lagarde said as she pitched to become the bank’s first female president. EURACTIV's media partner Climate Home News reports.

Von der Leyen’s French inspiration on climate protection

Ursula von der Leyen has great plans for environmental protection. Some of her ideas have long been propagated by France, but have been ignored by Germany so far. Can the new European Commission President change that? EURACTIV Germany reports.
Aviation 15-07-2019

Emission-busting aviation taxes gain ground, despite airline pushback

Ryanair in April became the first airline to be included among Europe’s top ten polluters, with some calling the airline company ‘the new coal’ industry. Large economies like France and Germany have begun seeking impact-reducing alternatives to air travel by imposing new taxes.

The world’s biggest climate fund eyes more efficiency, private funding

The GCF, the world’s biggest climate fund, tries to channel more money into climate projects – EU leaders had reaffirmed their commitment to the replenishment of the fund in their June summit’s conclusions. But its decision-making takes too long, critics say.  

UN Climate Fund to make funding green projects easier

The board of the UN Green Climate Fund is meeting from 6 to 8 July in Songdo, South Korea. The board is set on heralding a "paradigm shift" in climate financing and intends to accelerate the decision-making process to boost the fund's replenishment. EURACTIV Germany reports.

London’s bankers – pioneers of green finance?

Last week, the UK became the first major industrialised country to pass a law to reduce its carbon emissions to zero by 2050. Now London is publishing a strategy for redirecting global financial investments into climate-friendly projects. The idea of bankers investing in the environment should sound less paradoxical in the future. EURACTIV Germany reports.

France returns to top of global green bond ranking

With more than €15 billion worth of green bonds issued since January, France has become a leader of green finance, ahead of the US and the Netherlands. EURACTIV's partner La Tribune reports.

Investors with $34 trillion demand urgent climate change action

Investors managing more than $34 trillion in assets, nearly half the world’s invested capital, are demanding urgent action from governments on climate change, piling pressure on leaders of the world’s 20 biggest economies meeting this week.
Climate change 25-06-2019

EU countries urged to see ‘opportunity in climate change’

Climate change should be seen as an opportunity not a threat but the tools at the EU’s disposal need to be changed to deal with the coming challenge, according to officials, MEPs and climate experts.

French nuclear to suffer after exclusion from EU’s green investment label

The European Parliament's decision to exclude the nuclear energy sector from the list of investments that can benefit from the EU's green investment label will have consequences for the sector, particularly in France. EURACTIV France reports.
Air Quality 20-06-2019

Poland’s multi-billion-euro clean air quest in peril

A €25 billion clean air programme launched by the Polish government is in danger of losing EU support. Warsaw has until Friday (21 June) to prove its commitment, according to a letter sent by the European Commission and seen by EURACTIV.

EU expert group drives sustainable finance’s mainstreaming two steps ahead

European sustainable finance got an additional boost on Tuesday (18 June), following the release of three reports by the Technical Expert Group on sustainable finance (TEG) focusing on taxonomy, green bonds standards and climate benchmarks.

Europe wants to replenish UN Green Climate Fund

European member states want to commit to increasing international climate financing to a new level. They want to replenish the UN's Green Climate Fund, according to a draft of a European Council statement, which is to be adopted at the EU summit next week. EURACTIV Germany was able to see the declaration in advance.

Leak: These are the five priorities for the next finance Commissioner

A new strategy for the capital markets union, fintech, financial stability, sustainable economy and Brexit are the priorities listed for the next financial services commissioner, according to the memo drafted by European Commission officials and seen by EURACTIV.com.

Capital markets need to start making sustainability mainstream – report

We need to reboot the financial system and rethink old structures. This is what the OECD, the World Bank Group and the UN Environment Programme are calling for in their new joint report. Sustainable finance should become mainstream, but the market is still lagging far behind. EURACTIV Germany reports.

‘Historic breakthrough’: Norway’s giant oil fund dives into renewables

Norway’s $1tn oil fund, the world’s largest sovereign wealth fund, is to plunge billions of dollars into wind and solar power projects. The decision follows Saudi Arabia’s oil fund selling off its last oil and gas assets. EURACTIV's media partner, The Guardian, reports.

Nuclear power excluded from EU’s green investment label

The European Parliament voted on a proposed classification for sustainable assets on Thursday (28 March), voting to exclude nuclear power from receiving a green stamp of approval on financial markets.

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