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Gas prepares to cash in as MEPs back €672.5 billion coronavirus recovery fund
Brussels – MEPs in the European Parliament’s budget and economic affairs committees are today expected to open up the possibility for the fossil fuels industry to access an unprecedented €672.5…
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EIB’s draft climate roadmap fails to exclude funding for polluters
Brussels – A leak of the European Investment Bank’s (EIB) draft climate roadmap would allow funding for climate-destroying activities, including the fossil fuels industry, motorway expansion and industrial farming.
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Fossil fuels could tap into EU green recovery funds with MEPs’ support
On Monday 9 November, in a crucial joint vote, the European Parliament’s economic affairs committee and the budgets committees will decide how to allocate €672.5 billion in emergency coronavirus recovery funds. The European Parliament has a last chance to ensure polluters don’t sink the chance for a green and just recovery.
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Greenpeace activists demand EU transport ministers transform transport and stop driving the climate crisis
Greenpeace Germany activists projected the slogan “Stop driving the climate crisis #TransformTransport” onto the Germany Ministry of Transport in Berlin early this morning to stop the expansion of freeways and invest in infrastructure for climate-friendly alternatives such as rail, bus and bicycle transport.
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Letter to MEPs on excluding fossil fuels from the Recovery and Resilience Facility
The Green 10 – the ten largest environmental networks in Europe – have called on the European Parliament to exclude fossil fuels from the EU recovery fund, the Recovery and…
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Ministers on climate collision course with EU Parliament
Luxembourg/Brussels – European environment ministers meeting in Luxembourg are expected to set up a clash with the European Parliament by ignoring its calls to step up EU climate action.
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Why relying on offsets won’t stop climate breakdown
The European Union urgently needs an emission reduction target in line with science that does not rely on an increasingly fragile nature. Accounting tricks that allow governments to compensate carbon increases in forests and soils to achieve their emission reductions will not solve climate breakdown.
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ECB’s purchasing policies skewed towards carbon-intensive industries – report
Brussels/Frankfurt - A new report reveals how the ECB’s proclaimed "market neutrality" policy actually skews the bank’s corporate bond purchases in favor of carbon intensive industries. Decarbonising Is Easy: Beyond Market Neutrality in the ECB’s Corporate QE was published by the New Economics Foundation, SOAS University of London, the University of the West of England,…
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EU summit: Covid response shows climate action is possible
Brussels – The unprecedented response to the coronavirus pandemic is proof that governments can take radical climate action, said Greenpeace as European government leaders met at a summit in Brussels to discuss a higher EU greenhouse gas emissions reduction target for 2030.
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MEPs vote to exclude fossil fuels from coronavirus recovery fund
Brussels - MEPs in the European Parliament’s environment committee have voted to exclude fossil fuel investments from the €672.5 billion Recovery and Resilience Facility (RRF), the largest fund under the EU’s coronavirus recovery plan.
