EU Parliament Approves Law to Slash Trucks’ Carbon Footprint April 11, 2024 By Kate Abnett The European Parliament voted on Wednesday to pass a law to reduce carbon dioxide emissions from trucks, which will require...
Central Bankers Use AI to Assess Climate-Related Risks March 19, 2024 By Huw Jones Central bankers said on Tuesday they have broken new ground by using artificial intelligence to collect data for assessing climate-related...
Europe Faces 3C of Global Warming. Here’s How It Plans to Cope. March 8, 2024 By John Ainger Europe will be 3C hotter even if the world succeeds in limiting global warming to 1.5C above pre-industrial levels, bringing...
Europe Automakers Will Not Challenge 2035 Fossil-Fuel Car Ban, Industry Group Says February 27, 2024 By Gilles Guillaume Europe’s automakers will not challenge the European Union’s decision to effectively ban fossil-fuel vehicles as of 2035 no matter who...
EU Needs Trillions of Investments to Meet 2050 Climate Target: Research January 31, 2024 By Kate Abnett The European Union will need 1.5 trillion euros ($1.6 trillion) per year of investments to meet its 2050 net zero...
EU Auditors Say Real CO2 Emissions From Most Cars Have Not Fallen January 25, 2024 By Benoit Van Overstraeten Real CO2 emissions from most passenger cars on EU roads are the same as 12 years ago despite reduction targets...
Insurers Are Still Backing Oil and Gas Industry Despite Rising Climate Threat: Report November 9, 2023 By Gautam Naik Insurers are continuing to provide cover for increased oil and gas production even as they face large losses fueled by...
Banks Told to Review Clients in Historic ESG Crackdown in EU October 17, 2023 By Frances Schwartzkopff Banks in Europe will need to adjust the risk assessments they conduct of their clients to reflect new ESG requirements...
Banks in EU Get World’s First ESG-Related Rewrite of Capital Rules October 13, 2023 By Frances Schwartzkopff In a global first, Europe’s main bank regulator is revising the framework that sets capital requirements so that lenders reflect...
EU to Seek COP28 Deal on Phasing Out Fossil Fuels: Draft Document September 1, 2023 European Union countries are preparing to push for a global deal on phasing out fossil fuels at the United Nations...