Energy Price Hike: Need to Scale Up Renewables

Bas Eickhout, tackling the energy price hike

The European Commission has unveiled its “toolbox” for EU governments to tackle the current energy price hike. The proposed toolbox will be discussed by heads of state and governments at the European Council summit on 21-22 October. The toolbox mainly includes short-term measures for member states by setting out options to target vulnerable households.  The Greens/EFA…

EU Green Bond Standard

Green Bonds

The Commission has put forward a new proposal for a regulation on a EU green bond standard together with a communication on the Renewed Sustainable Finance Strategy. The Renewed Strategy builds on the Action Plan 2018 on Sustainable Finance and covers several areas, from continuing the work on Taxonomy, to climate and sustainability risks in…

Criteria for Sustainable investments

Sustainable investment

Today, the European Commission has presented its criteria for sustainable investments, following the Taxonomy Regulation that was negotiated by Greens/EFA MEP Bas Eickhout in late 2019 and approved by the Parliament in June 2020. The criteria released today provides more insight into how sustainable financial products can be labelled and allows the EU to set…

60% Reduction in Emissions by 2030

Members of the European Parliament have voted in favour of a 60% reduction in CO2 emissions by 2030, supporting the call of the Environment Committee and going beyond the European Commission’s 55% climate target. The European Parliament will now enter into negotiations with the Council and Commission with a strong position. The European Parliament voted…

EP Delegation to COP25

A delegation from the European Parliament arrived in Madrid this week to participate in the COP25, where they will meet with key stakeholders in the negotiations. An official delegation from the European Parliament will take part in the UN conference on climate change, the COP25, in Madrid in Spain this week until 14 December.  It…