About: sustainable finance

Human rights and green finance: friends or foes?

Policymakers currently discussing a 'taxonomy' for sustainable finance products at EU level often argue that the proposal already includes social and human rights safeguards. This is not true in the least, warn Eleni Choidas, Lis Cunha and Rachel Owens.

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.

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.

The beacon of sustainable finance in Europe must not lose its flame

One year after the High-Level Expert Group on Sustainable Finance released its final report, the follow up on its recommendations is lagging somewhat behind, writes Catherine Howarth.

EU governments must drive investors’ money where their mouth is

There is a big risk that the European Commission’s proposals on sustainable finance will be watered down when EU member states examine the draft legislation, warn Lis Cunha, Sebastien Godinot and Rachel Owens.

How to ramp up energy efficiency investment for Europe’s net-zero emissions future

Making finance and investments sustainable is essential to achieving a net-zero emissions world by 2050. And energy efficiency has the single biggest role to play, writes Peter Sweatman.
Climate change 06-12-2018

Sustainable finance now tops industry’s agenda

The climate targets of the EU and UN have moved sustainable financing to the top of the agenda of the finance industry. This means banks and investors are called upon to provide green incentives and become more involved in saving the planet, writes Karl Ludwig Brockmann.

CDP boss: ‘Companies or sectors may face liability risks on climate change’

Private investors need to come clean and commit to science-based targets on climate change, says Paul Simpson. Unfortunately, “there is still money out there for the dirty investments in the short term,” he laments, calling on regulators to take action against opaque finance.

French insurance companies to divest from German top utility RWE     

Following the move by major European insurers Allianz, AXA, Generali and SCOR, the two French insurance companies Macif and AG2R La Mondiale will no longer invest in companies planning new coal-fired power plants. Germany’s top utility RWE is among the companies most affected by the new decision.
Economy & Jobs 07-06-2018

Goodbye Juncker plan, hello InvestEU, Europe’s new investment fund

The European Commission put forward a proposal on Wednesday (6 June) to bring all of the EU's existing investment instruments under the banner of a new fund called "InvestEU" which will formally succeed the Juncker Plan.

EU tables ground-breaking ‘low-carbon benchmark’ for green finance

The European Commission presented on Thursday (24 May) a set of proposals aimed at boosting private investment in low-carbon technologies like renewable energies while increasing transparency in sustainable finance to avoid green-washing.

MEPs ask to check financial sector’s investments against climate goals

EU legislators have proposed extending the European Supervisory Authorities’ (ESAs) powers to include checking the financial institutions’ investment portfolio alignment with the Paris Agreement on climate change.

Over 100 corporate giants align with UN climate goals

L'Oreal and Electrolux today (17 April) joined the likes of McDonald’s and Sony in aligning their emission goals with the 2°C target of the Paris Agreement on climate change.

In Brussels, Michael Bloomberg praises EU drive for green finance

Capital markets are “one of the most powerful tools in the fight against climate change” which is often “overlooked”, said billionaire philanthropist Michael Bloomberg, praising Europe’s pioneering green finance action plan presented earlier this month.

A two-speed approach to sustainable finance?

Europe is quickly adopting an imbalanced, two-speed approach to sustainable finance, in which the "green" is moving much faster than the "social". Eleni Choidas look into whether it is even possible to have one without the other.

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.

Sustainable finance expert: Investment transparency is crucial

A high-level expert group released on Wednesday (31 January) a report to help guide the European Commission in its quest to make the EU's economy sustainable. One of the members of the group explained some of the detail in an interview with EURACTIV.com.

On finance, ‘Think Sustainability First’

‘Think Sustainability First’ must be a principle that guides financial policymaking through this decade and the next if Europe is to have the means to match its global ambitions, writes Arlene McCarthy.

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.

Sustainable finance requires a change in incentives

Hurricane Harvey’s trail of carnage through Houston, the oil capital of the US, was a stark reminder of the effect that climate change can have on our economy, writes Peter Blom.
Economic governance 25-10-2017

Economy, finance take centre stage in Commission’s final legislative push

Initiatives to strengthen the financial markets and deepen the economic and monetary union will play a major role in the European Commission’s work programme for 2018, the final one before the legislative machine slows down in the run-up to European elections in 2019.

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