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Tag: European Union
On Thursday, MEPs approved nearly €720 million in EU Solidarity Fund aid following natural disasters in seven EU countries in 2021. The €718.5 million in aid from the European Union Solidarity...
President of Indonesia Joko Widodo, President of the European Commission Ursula von der Leyen on behalf of the EU, and leaders of the International Partners Group (IPG), co-led by the United States...
The European Commission has issued a further €8.5 billion, of which €6 billion through a NextGenerationEU green bond for its recovery programme and €2.5 billion to support Ukraine under the...
The European Commission has approved a €225.6 million German aid measure to support SEFE Securing Energy for Europe GmbH (‘SEFE GmbH’), previously Gazprom Germania GmbH, currently placed under the trusteeship...
The Emerging Market Climate Action Fund has announced a $25 million investment into Alcazar Energy Partners II, a fund providing early-stage equity financing to develop, construct and operate renewable energy projects...
The Council and the European Parliament reached a provisional political agreement on stronger emission reduction targets for member states under the so-called effort sharing regulation. Pending a formal adoption, the...
The European Investment Bank (EIB) Group will convey the urgency of mobilising massive resources for global warming mitigation and adaptation at the United Nations Climate Change Conference (COP27), in Sharm El...
The European Union sought on Thursday to reassure international companies it would seek to align its sustainability disclosure rules with a global initiative, after warnings from regulators over fragmenting capital...
In 2021, the European Union and its 27 member states committed €23.04 billion in climate finance from public sources to support developing countries to reduce their greenhouse gas emissions and adapt to the...
As an intermediary step, average emissions of new cars must decrease 55% by 2030 The agreement marks the first step in the adoption of the “Fit for 55” proposals tabled...
The European Commission has approved, under EU State aid rules, a €1 billion German measure to help Salzgitter Flachstahl GmbH decarbonize its steel production processes by using hydrogen, including renewable...
German energy equipment supplier Siemens Energy and EU-backed fund EIT InnoEnergy will team up to jointly explore investments in the energy start-up space, the fund said in a statement. No financial...
The EU’s bank, EIB, provides another loan of EUR 75.1 million to Stockholm’s Kooperativa Bostadsförening (SKB) to build low-energy houses in Stockholm. The energy consumption in these new buildings will...
Long-term support and energy transition are emerging as central elements in the European Alliance of Cities and Regions for the Reconstruction of Ukraine. Local and regional politicians from across the...
The EU Commission is taking legal steps against 11 Member States, calling on them to step up the implementation of the Single-Use Plastics Directive in order to reduce the impact...
Grants will support Czechia’s efforts to phase out coal-fired power by 2033 Targeted assistance aimed at regions that employ 21,000 people in coal and chemicals industry “We will make sure...
Leading ESG rating providers including MSCI and the London Stock Exchange Group have rejected the European Union’s proposals to regulate the sector. Responding to an EU consultation, the pair both said there was a...
Parliament votes to approve including gas in taxonomy Regulation will most likely enter into force at start of 2023 European Union lawmakers voted to allow natural gas and nuclear energy...
Ministers meet to seek deals on package of climate laws Moves to weaken some measures as energy shock bites Ministers discuss plans to reduce gas demand EU contingency planning for...
New rules on corporate sustainability reporting: provisional political agreement between the Council and the European Parliament The Council and European Parliament today reached a provisional political agreement on the corporate sustainability...
The European Union intends to mobilise up to 300 billion euros of investments by 2030 to end its reliance on Russian oil and gas, European Commission President Ursula von der...
European Union lawmakers have reached initial agreements on reforms to the EU carbon market, as they prepare to negotiate an overhaul of the 27-country bloc’s core policy for reducing planet-warming...
The European Commission hopes to jumpstart a large-scale rollout of solar energy and rebuild Europe’s solar manufacturing industry, as part of its bid to wean countries off Russian fossil fuels,...
The Netherlands has become the first government to closely align its green bond framework with the European Union’s sustainable investment rulebook, the Dutch State Treasury Agency said on Tuesday. The...
The European Union and the South American trade bloc Mercosur could by year’s end resolve environmental concerns that are holding up a free trade agreement, EU Commissioner Virginijus Sinkevicius told...
Intercontinental Exchange, Inc., a leading global provider of data, technology and market infrastructure, announced the launch of a data solution for the European Union Sustainable Finance Disclosure Regulation (EU SFDR)....
The European Union’s markets watchdog said it will start working on a legal definition of “greenwashing” to underpin enforcement action as trillions of euros flow into funds that are advertised...
Assets in European funds marketed as sustainable have hit 4 trillion euros — almost 40% of all assets managed in European Union-domiciled funds — Morningstar said on Monday in the...
Can natural gas ever be called sustainable? And can nuclear energy credibly be dubbed green? A landmark proposal from the European Commission effectively answers “yes” to both — and many...
The European Union’s securities watchdog on Thursday launched a review of the bloc’s fast growing but largely unregulated market for environmental, social and governance (ESG) ratings on companies. Trillions of...
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