Sustainable recovery
OpinionPromoted content
A joint effort to boost the European recovery
In 2021, Generali celebrates its 190th anniversary. It is not only a significant milestone that few companies can boast, but also an opportunity to honour our history by continuing to play an ever-increasing active corporate citizenship role that goes beyond...
Insurers and EU institutions discuss options for pandemic coverage
The European Commission, insurance regulator EIOPA, and the industry have started discussing options to better ensure the protection of businesses affected by the COVID-19 pandemic, as the withdrawal of state support measures is expected to reveal the real damage caused by the crisis in the private sector.
Where is social inclusion in the national recovery plans?
The Recovery Funds should respond to the strategic priorities set out by the European Commission, including employment and fighting poverty. However, an initial assessment of the submitted draft national recovery plans suggests that they largely miss investment in social inclusion and social services reform, writes Alfonso Lara Montero.
Regulators maintain call for prudence in bonuses and dividends payout
Regulators are urging banks and insurance companies to exercise caution in handing out dividend payments to shareholders and bonuses to employees, as Europe continues to struggle to cement its recovery from the Covid pandemic.
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.
Bigger capital requirements hang over EU insurance sector in Solvency review
EU regulators and the insurance sector disagree over whether the review of the rules for the industry (Solvency II) should include higher capital requirements to deal with risks of interest rate changes, which insurers say would mean less money to support recovery.
EU advisors and Poland’s PGE increase pressure over gas in green finance rules
The European Commission came under new pressure on Monday (22 February) from Poland's biggest power producer, PGE, and its own advisors, over whether to include gas power in EU rules on sustainable finance.
Concerns raised over green spending as EU moves forward with recovery plan
The President of the European Commission, Ursula von der Leyen, has called on EU member states to speed up delivery of their national spending plans in order tap into the EU's €750 billion recovery fund, but concerns have been raised over a lack of transparency on how the money may be spent.
Nuclear faces ‘a lot of uncertainty’ as EU green evaluation looms
The industry is growing increasingly nervous about European Commission plans to evaluate the safety of radioactive waste handling as an expert report is expected next month on how to classify nuclear energy under the EU’s green finance taxonomy.
European investment bank loses landmark case on ‘green’ scrutiny
The European Investment Bank (EIB) illegally avoided environmental scrutiny of its financing decisions, the Court of Justice of the European Union ruled on Wednesday (27 January).
Europe strongly impacted by extreme weather, says new Climate Risk Index
The Berlin-based think tank Germanwatch published its Climate Risk Index for this year just in time for the virtual Climate Adaption Summit (CAS2021). The Global South tends to suffer more from extreme weather than the North, but Germany is also been among the 20 most severely affected countries worldwide over the past 20 years.
European Central Bank sets up climate team, considers green bonds
Climate change will be key to the review of the European Central Bank's policy, its president, Christine Lagarde, announced on Monday (25 January), marking a possible shift towards 'greener' monetary policy.
Banks ask for better data to implement EU green finance taxonomy
The availability of good data is seen as one of the main challenges to implement the EU taxonomy on sustainable finance, according to a test conducted by banks published on Monday (25 January).
Brussels postponed green finance rules after 10 EU states wielded veto
The European Commission was forced to delay publication of detailed implementing rules on the EU’s sustainable finance taxonomy because of the sheer number of comments received and a threat of blockage from eastern and southern EU member states, EURACTIV can reveal.
EU agrees to set aside 37% of recovery fund for green transition
Negotiations between the European Parliament and EU member states on the bloc's coronavirus recovery fund concluded early on Friday morning (18 December), unlocking €265 billion of the total €672.5 available for the green transition in EU countries.
Commission prepares ground for ‘ambitious’ sustainable finance strategy
The European Commission will present in early 2021 an “ambitious” sustainable finance strategy to mobilise the private investment needed to meet the EU’s climate targets.
EU gives Hungary and Poland 24 hours to lift veto
The EU will start preparing a recovery fund against the pandemic without Hungary and Poland unless the two countries lift by Tuesday their veto to the EU budget and the stimulus totalling € 1.8 trillion agreed last July, a senior EU diplomat said.
Commission considers options for recovery fund without Hungary and Poland
The European Commission is assessing options to circumvent Hungary and Poland’s veto to the EU budget and the recovery fund, and could come up with a proposal early next year if their blockade remains, a senior EU official confirmed on Wednesday (2 December).OpinionPromoted content
A Green Recovery for Aviation
The COVID-19 pandemic has hit the European aviation sector particularly hard. Almost 90% of Europe’s flights were grounded from March to May, and today that figure stands at 62%. The entire aviation sector will continue to face significant challenges in...
Lagarde vows to act ‘with determination’ against second wave
European Central Bank President Christine Lagarde said on Thursday (19 November) that the institution will act "with determination” against the second wave of the pandemic, ahead of the new monetary stimulus she is expected to announce in December.
Commission green-lights extra spending to avoid double-dip recession
The European Commission has given its blessing to the draft budgetary plans submitted by the 19 eurozone countries, containing the extra spending to combat the risk of a new recession, but warned about the growing imbalances in many EU economies.
Hungary and Poland veto stimulus against pandemic
Hungary and Poland blocked the approval of the EU’s seven-year budget and the recovery fund totalling €1.81 trillion, as both countries continued to oppose the rule of law mechanism attached to the EU funds.
EU farming recovery fund to be rolled out from 2021
A provisional agreement has been struck on the rollout of recovery funds in the EU agricultural sector, which will make a total of €10 billion available for farmers from 2021 up until the end of 2022.
