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.
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.
The European Commission on Wednesday (21 April) unveiled a first batch of implementing rules under the EU’s sustainable finance taxonomy, spelling out detailed technical criteria that companies need to comply with in order to win a green investment label in Europe.
The hard line defended by France over the inclusion of nuclear power in the green finance taxonomy is a dead end because there is no majority in favour of it at the EU level, warns lawmaker Pascal Canfin. Instead, the French MEP argues for including nuclear energy in the 'transition' category.
The European Commission has decided to leave out agriculture but kept controversial criteria for bioenergy and forestry in the first batch of proposed implementing rules due to be presented on Wednesday (21 April) as part of the EU’s green finance taxonomy, EURACTIV has learned.
The European Commission plans to delay a decision on whether to label nuclear and natural gas power plants as a sustainable investment under green finance rules due to be published next week, according to a leaked document seen by EURACTIV.
Europe should support high sustainability standards for clean hydrogen in its green finance rules, argue a group of 24 renewable energy companies and industry bodies in a letter sent to the European Commission on Wednesday (31 March).
Poland, Bulgaria and seven other countries have stepped up their push to ensure natural gas is classed as a sustainable investment under EU finance rules, warning Brussels its latest proposal falls short, a document seen by Reuters showed.
The European Commission is reconsidering the position of gas in its sustainable finance taxonomy by recognising the fossil fuel’s role in keeping the lights on during peak electricity demand, according to a leaked document seen by EURACTIV.
The criteria for the EU sustainable finance taxonomy can show investors and businesses the way to climate neutrality globally and getting the taxonomy right would make the EU a global trailblazer, argue Krista Mikkonen and Bas Eickhout.
Senior lawmakers have expressed concerns about the EU’s proposed sustainable finance taxonomy rule book, raising the possibility that an unruly cross-party majority might emerge to reject the proposal in the European Parliament.
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.
The EU’s “sustainable Taxonomy” has been sometimes portrayed as a binary tool defining which economic activities are sustainable and which ones are not. In fact, it can benefit a wide cross-section of Europe’s economy, writes Nathan Fabian.
The European Commission has asked advisors to rework the EU’s green finance taxonomy rules after member states rejected draft implementing guidelines, unhappy about the exclusion of gas as a “transition” activity towards net-zero emissions.
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.
While all eyes have been fixed on the EU Sustainable Finance Taxonomy’s climate change mitigation threshold, the parallel process for climate adaptation has received less attention – to potential detrimental effects, writes Jonas Helseth.
Meeting the climate target requires rapid realignment and mobilisation of finance at a massive scale. To avoid greenwashing, the EU's sustainable finance taxonomy needs to establish screening criteria, rooted in science and linked to the metrics of climate change, writes Peter Sweatman.
Some of the draft emission thresholds contained in the EU's sustainable finance taxonomy are not aligned with climate neutrality and deviate from scientific evidence, raising concerns about political and industry pressure, write Tsvetelina Kuzmanova and Sara Dethier.
The European Commission on Friday (20 November) launched "the world’s first ever ‘green-list’" of sustainable economic activities for private investors by publishing draft guidelines under the EU's green finance taxonomy.
Welcome to EURACTIV’s AgriFood Brief, your weekly update on all things Agriculture & Food in the EU. You can subscribe here if you haven’t done so yet. This week, we speak with: Tilman von Samson, spokesperson of the German...