Green Deal

DEFINITION: A UK Government policy launched in 2012 to provide properties with loans for energy efficiency measures. The loans were repaid through energy bills and transfer with the property rather than those who took out the loan. High interest rates and charges of the scheme resulted in a lack of demand for the Green Deal, and the programme was scrapped by the Conservative Government in 2015.

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The call to action comes as the EU is set to negotiate on the 2030 target, with the European Parliament's environment committee voting for a new EU-wide target of a 60% reduction by 2030

Business and investor giants urge EU to raise 2030 emissions target

More than 150 businesses and a group of investors with €33trn in assets under management have today (15 September) called on the European Union (EU) to back the ambitions set out in its Green Deal by committing to reduce greenhouse gas emissions by at least 55% by 2030.
The specifics of the €750bn package are still being finalised

EU recovery fund leaves €1.6trn investment gap towards climate targets, experts say

Calculations by experts show that the EU's planned economic rescue package, worth €750bn, is nowhere near enough to achieve the bloc's climate targets. Even in the best-case scenario, only one-third of the costs would be covered.
A “do no harm” test embedded in the taxonomy will in principle exclude technologies like nuclear power

Coronavirus: EU's €750bn recovery fund to funnel investments towards climate action

The European Union's proposed €750bn 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.
The document outlines sweeping green policy changes across energy, buildings and transport

Europe's draft 'green recovery' plan leaked

The European Commission's promised green recovery plan will focus on building renovation, renewables and hydrogen as well as clean mobility and the circular economy, according to a leaked working document obtained by EURACTIV.
Signatories of the alliance say they are committed to supporting post-pandemic “stimulus transformation plans” through climate action

Financiers join EU 'green recovery alliance'

More than 50 CEOs from the banking and insurance sector - including household names such as BNP Paribas, AXA, Allianz, and Santander - have joined the "green recovery alliance" in the European Parliament.
The 11th Petersberg Climate Dialogue reiterated the need for climate action during the pandemic

Messages of hope: How world leaders are rallying for a green Covid-19 recovery

The two-day Petersberg Climate Dialogue finished yesterday evening, with ministerial leaders from the UK, Germany, the EU and the UN all delivering rallying cries for nations to focus on climate mitigation as part of any efforts to stimulate the economic downturned caused by the coronavirus outbreak.
Pictured:  European Commission President-elect Ursula von der Leyen has maintained that she wants the Green Deal to be the "hallmark" of her tenure

EU leaders back 'green transition' in coronavirus recovery plan

While attention continues to focus on the urgent health aspects of the COVID-19 outbreak, EU leaders have called on the European Commission to start preparing "a comprehensive recovery plan" that integrates green and digital aspects.
Frans Timmermans, the Commission’s executive vice-president in charge of the Green Deal, will be in self-imposed quarantine until 20 March

Green Deal facing delays due to coronavirus, EU admits

The European Commission is having to re-order its priorities in the face of the coronavirus crisis, with "non-essential" initiatives like the biodiversity strategy and the farm-to-fork strategy likely to be delayed by several weeks.