The mid-term review of the EU’s Capital Markets Union initiative, due on Wednesday (7 June), will mark another step towards the mainstreaming of green finance in Europe, a senior EU official told EURACTIV.
The goals of EU energy policy going forward must be ambitious if European countries want investors to provide the capital required to realise a smooth transition to a low-carbon economy and the growth this could generate, writes Stephanie Pfeifer.
For the first time a majority of global investor heavyweights recognise the financial risks of climate change, according to the results of a major global index rating how investors manage such risks. EURACTIV's partner The Guardian reports.
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.
Pressure is building on global regulators and the European Commission to “stress-test” portfolios of large institutional investors against long-term objectives to reduce climate change, in a move that could shift billions in investment away from fossil fuels.
EXCLUSIVE/ Thousands of cities signing up to the new Covenant of Mayors tomorrow (15 October) will submit reports on their vulnerability to climate change to the European Commission every two years - but are under no obligation to make the information public.
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