The Green Deal
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.
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.
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.
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.
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.
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.
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.
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.
Corporate leaders want decarbonisation as central focus for Europe's Industrial Strategy
Business giants including Unilever, Interface, and Coca-Cola have called for the new European Industrial Strategy to focus heavily on decarbonisation in a way that sets out clear strategies for investment into low-carbon solutions and provides price incentives for new goods and services.
CDP: Europe's biggest corporates must double green investments to reach net-zero
Some 880 of Europe's largest businesses collectively invested €124bn (£103.8bn) in low-carbon initiatives in 2019 - but this equates to just 12% of their capital expenditure, when 25% will be needed to meet the EU's 2050 net-zero target.
EU starts to chart shipping's new green course
The shipping industry will soon have to pay for its environmental impact in the EU, as both the European Commission and Parliament are moving forward with plans to include vessels in the bloc's flagship carbon market. But there are choppy waters ahead.
EU unveils €100bn fund for 'just' low-carbon transition - which excludes nuclear
The EU's regional policy Commissioner Elisa Ferreira revealed on Tuesday (14 January) details of the €100 billion Just Transition Mechanism, a key financial component of the European Green Deal that should make the bloc climate neutral by 2050.
EU 'confident' €100bn green transition fund will come to fruition
A draft €100bn "Just Transition Mechanism" outlined by the European Commission as part of its Green Deal last week will eventually see the light in January, EU officials have said. The amount of "fresh money" under the new fund is, however, expected to be limited.
Europe's 'man on the moon moment': Green Deal to create world's first climate-neutral continent
European Commission President Ursula von der Leyen has unveiled 50 sweeping plans to enable the EU to reach net-zero emissions by 2050, claiming that the Green Deal was "more than just a vision, it is a roadmap for action".
Circular economy 'number one priority' of European Green Deal and net-zero ambitions
The circular economy, including new waste and recycling laws, will represent "half" of the EU's effort to achieve net-zero carbon emissions by 2050, and will be erected as "the number one priority" of the upcoming European Green Deal, officials have said.
Green Deal branded 'hallmark' of new European Commission
"I want the European Green Deal to become Europe's hallmark," said European Commission President-elect Ursula von der Leyen, as she tasked her second-in-command with overseeing Europe's goal of achieving climate neutrality by mid-century.
MPs question housebuilders on energy performance of new homes
Housebuilders and energy firms have been grilled in a parliamentary evidence session yesterday (12 March) on the energy performance of housing portfolios, with a lack of enabling policies highlighted as a major barrier for the sector.