About: Taxonomy

Gas and nuclear industries fight to the end for ‘green’ EU investment label

The gas and nuclear industries have ramped up lobbying to secure last-ditch changes to European rules defining which investments are sustainable, fearing that exclusion from a new “green” list could deprive them of billions of dollars of funding.
Economy & Jobs 20-07-2020

Investors call out for green opportunities, as EU aims to open the door

In order to make the post-pandemic recovery as sustainable as possible, long-term green investments will be in hot demand. Participants at a virtual conference called “Investing post-COVID: is a green recovery assured?” called for more opportunities and a viable framework.

EU Commission criticised for its reporting on nuclear energy’s sustainability

The European Commission is looking into whether nuclear energy can be classed as a sustainable green investment. But the EU executive's decision to task its research centre with the assessment has already prompted criticism. EURACTIV Germany reports.
Economy & Jobs 15-07-2020

Investing post-COVID: Is a green recovery assured?

As policymakers turn their attention to the economic recovery post-COVID, there is a risk that investments in a green recovery may be side-lined.

EU green finance czar: ‘Obvious’ that companies should report on climate risk

Reporting on greenhouse gas emissions should become mandatory "as soon as possible" for companies with more than 250 employees, argues Michèle Lacroix, an EU expert who helped design the EU's landmark green finance taxonomy.

Sustainable finance: ‘Germany needs to show leadership’

The EU economic recovery plan presented by European Commission President Ursula von der Leyen on 27 May will also be based on the so-called taxonomy which gives priority to sectors in the field of low-carbon transition. EURACTIV Germany reports.

‘Do no harm’: EU recovery fund has green strings attached

The European Union's proposed €750 billion fund to help the bloc recover from the coronavirus crisis will have green strings attached, with 25% of all funding set aside for climate action, the European Commission has said.

Green recovery hinges on the right data

EU policymakers are promoting a green recovery. A public-private agency rating companies’ climate performance would help keep it on track, argue Steven Tebbe and Laurent Babikian.

No industry support without a commitment to cleaner production

While there is strong claimed support for a 'green' recovery from the European Commission, the European Parliament and key member states like Germany, the devil is in the detail, write Doreen Fedrigo and Camille Maury.

Emission thresholds in EU green finance taxonomy are too high. Here’s why

Carbon dioxide emission limits in the EU taxonomy suggested by the technical expert group are too high and will make it virtually impossible to reach EU climate goals for 2030 and 2050, argues a group of Swedish lawmakers.

Dutch spell out green ideas for EU recovery fund

The Netherlands has floated proposals to ensure a green recovery from the COVID-19 crisis, suggesting an “exclusion list” of economic activities like nuclear power, which the Dutch believe should be banned from receiving EU funds.

Climate change in the time of coronavirus: How we can green the ECB

If, like Cicero wrote, the sinews of war are infinite money, let’s make sure the funds are being used for the right battles, write Brook Riley and Peter Sweatman.

EU experts recommend two-tier approach to ‘green’ investment rules

European policymakers should use a two-tier approach to define sustainable investments in order to smooth the bloc's transition to a low carbon economy, a group of industry experts has said.
Economy & Jobs 06-02-2020

This is how Europe is opening the floodgates to ‘green’ money

The European Commission launched on Wednesday (6 February) a consultation with member states, the European Parliament and other stakeholders to review the EU's fiscal rules, the Stability and Growth Pact.

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.
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