It was definitely controversial for gas and nuclear to be considered green in the EU’s new taxonomy regulation. A dozen European NGOs are concerned enough that they have launched a legal challenge. Alice Tidey discusses the challenge in an article on the Euronews website. Taxonomy: 12 NGOs launch legal challenge against EU's bid to … Continue reading A dozen environmental NGOs on Monday launched a legal challenge to the EU’s decision to label gas and nuclear investments as green
Minimum energy performance standards for buildings coupled with generous tax rebates for renovations – 110% in Italy – could unlock the energy service company market in Europe. Sonja van Renssen discusses the main issues with Jessica Stromback in an article on the Energy Monitor website. Expect a “seismic shift” on energy efficiency – Jessica … Continue reading We have a lot of work cut out for us to get the energy efficiency improvements we need
ECF Strategic Communications Manager/Sustainable Finance, Alba Málaga Homs, provides a helpful communication to sort through national approaches to what counts as green finance. While the European Union considers adopting a sustainable finance taxonomy that classifies fossil gas as a green investment, Russia and China have stepped forward and recently adopted more ambitious initiatives that exclude all … Continue reading European Climate Foundation explains the bewildering different approaches to taxonomies
In July the European Commission adopted a package of proposals – called the Fit for 55 package – to make the EU’s climate, energy, land use, transport and taxation policies fit for reducing net GHG emissions by at least 55% by 2030, compared to 1990 levels. As the Commission states, achieving these emission reductions in … Continue reading Industry and Europe’s “Fit for 55” package
Lobbying by pro-nuclear stakeholders and a new report that concludes “the fuel qualifies as sustainable” under green investments has led to Greenpeace Europe warning the European Commission against reinstating nuclear power on the list of activities deemed sustainable by the European Union. Kevin O’Sullivan discusses latest developments in an article on the Irish Times website. … Continue reading Where does nuclear power belong in our concerns over sustainability?
Kate Abnett and Simon Jessop write on the Reuter’s website that new taxonomy rules will be tighter for buildings but much less so for the shipping industry. No doubt you will be reading more about latest developments in taxonomy. On November 20th, the Commission launched a stakeholder feedback period on the draft Commission Delegated Regulation supplementing … Continue reading EU green finance getting more serious