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...
Growing ‘Greenlash’ Fuels Fears for Europe’s Environmental Ambitions August 11, 2023 By Sarah Marsh, Kate Abnett and Gloria Dickie A growing ‘greenlash’ against Europe’s environmental agenda has not so far derailed its decarbonization plans, but looming elections could put...
EU Companies Get New ESG Rules Aimed at Addressing Climate Risks July 31, 2023 By Frances Schwartzkopff Tens of thousands of companies operating in Europe face new requirements to report their operations’ ESG impacts as the European...
Executive Bonuses in Crosshairs in New CO2 Proposal: ESG Regulation May 1, 2023 By Frances Schwartzkopff Executives will face bonus cuts if the companies they run fail to hit climate transition targets, under a new European...