About: Taxonomy

EU seals deal on green finance in breakthrough for climate goals

Lawmakers in the European Parliament have approved a compromise on the EU’s proposed sustainable finance rulebook, ending a bitter fight with EU member states on whether to recognise nuclear power as “green”.

UK’s Brexit election explained: ‘There will be one less pro-climate vote in the EU’

With Germany’s dwindling leadership on climate, Britain’s departure from the European Union could have “potentially huge” consequences for climate policy, says Sandrine Dixson-Declève.

France, UK block green finance deal in setback for climate goals

Led by France and Britain, EU states yesterday (11 December) blocked a set of new rules governing which financial products can be called "green" and "sustainable", fearing it would prevent investments in nuclear and gas projects.
Climate change 10-12-2019

COP25: Connecting the dots on climate finance

As negotiators in Madrid are trying to break the impasse on global climate finance governance, tectonic shifts in the real economy are signaling changing tides for the oil & gas industry. Far from being separate adjustments, these changes are part of a one, large movement where Europe is at the fore-front. MEP Bas Eickhout explained to EURACTIV why.

‘Do no harm’: Nuclear squeezed out of EU green finance scheme

European Greens claimed victory on Thursday (5 December) after EU negotiators reached agreement on a green finance taxonomy aimed at channelling billions of private investor’s money into clean technologies. Coal, and – in principle – nuclear power, are out.

EU reaches milestone by agreeing on green criteria for finance

MEPs and the Finnish presidency of the EU Council agreed Thursday (5 December) on a taxonomy to determine what economic activities can be considered ‘green’, paving the way for billions of euros to be channelled into investments to fight climate change.

EU banking regulator: ‘No green economy if we encourage banks to be insolvent’

Europe wants to use all the tools available to transit toward a 'green' economy. But ‘green’ lending should not be incentivised by easing capital requirements for banks, the European Banking Authority chief, Jose Manuel Campa, told EURACTIV in an exclusive interview.

Paris, Berlin divided over nuclear’s recognition as green energy

Disagreement on the inclusion of nuclear power in the EU’s upcoming green finance taxonomy has revived long-standing divisions between France and Germany over the energy transition. EURACTIV France reports.

EU strives to clarify ‘transition activities’ on path to zero-carbon goal

The European Commission has attempted to define “transition” and “enabling” economic activities on the way to net-zero emissions as part of efforts to reach compromise on a draft EU green finance taxonomy.
Electricity 13-11-2019

Nuclear power ‘dead and alive’, S&P proclaims

Growing competition from cheap renewable electricity, safety concerns, and rising costs of new plants are slowly driving nuclear power over the edge – except in Russia and China where the industry continues to enjoy extensive state support, S&P said.

EU bank tees up fossil fuel compromise ahead of crucial vote

The European Investment Bank will decide on Thursday (14 November) whether or not to purge its loan books of fossil fuel projects. All signs point to the EU lender striking a compromise with Germany and Italy which want more leeway for new gas projects.

Banks taking only ‘superficial’ climate action, study reveals

Despite an explosion in green finance, banks have made only superficial changes to their lending practices, with fossil fuel funding going virtually unabated over the past years, according to a new report by Boston Common Asset Management released today (11 November).

Bioenergy, forestry sectors jump on EU’s green finance bandwagon

Bioenergies, including wood, biofuels and forest-based industries, should be recognised under the EU’s draft sustainable finance taxonomy, in line with the recently-updated renewable energy directive, an industry coalition has claimed.

Gas industry storms into EU green finance taxonomy debate

Industry executives argue fossil gas should be considered green when it displaces coal in power generation, sparking fresh controversy around an upcoming EU sustainable finance taxonomy aimed at rewarding investments in clean technologies.

Sustainable finance drive can help address EU’s political challenges

Sustainability and inclusivity have correctly been placed as guiding principles for Europe’s finance policy. The next few months – with decisions on the EIB and the start of a new European Commission – will be decisive in order to put those principles into action, write Tom Jess and Sandrine Dixon-Declève.
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.

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.

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.

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.

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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