Member states commit to a green finance strategy as agreement reached on green ...

EU finance ministers on Thursday set climate action as a regular item for future discussions, while negotiators from the Council and Parliament reached an agreement on the EU's taxonomy of... Read more

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UN climate talks make slow progress on carbon trading rules

UN climate talks in Madrid are expected today to publish draft rules for international carbon trading, but much more negotiation will be required if the EU’s conditions on upholding the environmental integrity of the Paris Agreement are to be met


EU must strengthen industrial policy to drive decarbonisation, says expert group

EU policymakers must reform public procurement rules, strengthen research and development, and secure industry’s access to alternative energy and feedstocks if high-emitting sectors are to help the bloc reach carbon neutrality by 2050

Markets & Corporate

‘Dangerous’ loophole risks undermining green finance rules, green groups warn

Campaigners have warned against weakening standards for sustainable investments, as MEPs and member state representatives met for the third round of talks on the EU’s green taxonomy package on Thursday


EU bank announces end to fossil fuel financing

The board of the European Investment Bank agreed on Thursday to cease funding fossil fuel projects, but what president Werner Hoyer called “the most ambitious climate investment strategy of any public financial institution anywhere” leaves the door open until the end of 2021

Markets & Corporate

EU envisages support for banks financing green projects

The European Commission will review banks’ capital requirements to encourage them to invest in the low-carbon transition as part of a new set of rules to be tabled by June 2020

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