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Six things to look out for in EU Commission’s ‘fit for 55’ climate package
On 14 July, the Commission will formally kick off the complex process of turning a continent-wide climate target into concrete policy measures. But the measures will fail to cut off financial support for fossil fuels and other environmentally destructive sectors, like industrial farming and aviation, and will even encourage investments in fossil gas and the…
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‘Green’ light for ECB’s monetary policy, but goes too slow
Brussels/Frankfurt – The European Central Bank (ECB) has agreed today that soon only companies in line with the Paris climate agreement will be eligible for corporate sector asset purchases.
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Invisible methane leakages all over Europe fuelling the climate crisis
Alarming new images of significant and unaddressed methane leaks taken in seven European countries reveal industry negligence, regulatory ignorance, and a hidden climate disaster, writes Silvia Pastorelli.
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Legal analysis finds ECB and Bundesbank cannot dodge climate action
A new legal analysis commissioned by Greenpeace Germany reveals that Europe's central banks are obliged to take climate action and include climate criteria in monetary policy. The study, issued ahead of the European Central Bank’s (ECB) governing council's unofficial weekend retreat on climate change, finds that climate protection is not optional for the European System…
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Legal opinion: Legal options for implementing climate criteria in the monetary policy of the European Central Bank
In the context of the ongoing European Central Bank’s (ECB’s) strategy review, the demand for a new, Paris-compliant or climate-resilient monetary policy has led to controversial debates in professional circles. Economists and representatives of national central banks, in particular the Bundesbank, expressed serious concerns as to whether the consideration of climate protection criteria was covered…
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Off track: weak EU backing for trains over planes despite rising emissions from transport
EU transport ministers have acknowledged the need to shift from air and road travel to rail to decarbonise transport, but failed to take urgent and concrete action, said Greenpeace.
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Romania’s top polluter seeks €1.3 billion EU bailout for more coal & gas
The Romanian government’s proposal for CE Oltenia’s restructuring is a test of the European Commission’s commitment to align state aid with the European Green Deal. Approving CE Oltenia’s current restructuring plan would lock Romania into fossil fuels for decades and hinder a meaningful just transition plan for the communities in Gorj County.
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EU governments overlook root causes of pandemic and climate crisis
Plans discussed at an EU summit in Brussels to tackle the pandemic will again ignore the role of climate change and habitat destruction in the emergence and spread of viral infections like Covid-19. Similarly, measures to respond to the climate crisis will duck the question of the inadequacy of the EU’s target according to science,…
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NGOs demand shift from air and road travel to rail
Delivering on the European Year of Rail 2021. Letter from 36 environmental groups to EU transport ministers.
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EU taxonomy: Commission backs ‘green’ investments for burning trees
The European Commission has greenwashed green investment rules published today under the EU’s so-called EU taxonomy, said Greenpeace.
