EU Lawmakers Want to Extend Reach of Draft ESG Oversight of Corporations February 10, 2023 By Huw Jones A panel of European Union lawmakers on Thursday backed an amendment to extend the reach of groundbreaking draft legislation to...
EU Forms Landmark Deal to Bolster Carbon Market as Centerpiece of Green Strategy December 20, 2022 By Ewa Krukowska and John Ainger The European Union reached an agreement to strengthen and expand its flagship carbon market, endorsing the centerpiece of the Green...
EU Takes ‘First Step’ to Certify Removals of Carbon Dioxide From Atmosphere December 2, 2022 By Kate Abnett The European Union set out plans on Wednesday to certify removals of carbon dioxide from the atmosphere, while leaving key...
Climate Standard Setters Must Avoid Hardwiring Disclosure Differences: G20 Watchdog October 11, 2022 By Huw Jones Standard setters must work faster to avoid hardwiring differences between their finalized climate-related company disclosures, which would fragment markets, the...
Banks Face Risk of Being Sued if They Don’t Stick to Their Climate Goals: ECB September 23, 2022 Banks face the risk of being sued if they don’t stick to their climate goals or try “greenwashing” their image,...
ECB to Limit Purchases of Longer-Term Debt Issued by Climate Laggards September 21, 2022 By Frances Schwartzkopff The European Central Bank will limit purchases of longer-term debt issued by companies that rank poorly under a new scoring...
EU Urged to Simplify Life for Companies by Aligning Climate Reporting With Int’l Rules September 1, 2022 By Huw Jones The European Union should make extra time to align its policies with international rules on reporting on climate change to...
ECB Climate Stress Test Highlights $71 Billion Risk for Euro Zone Banks July 8, 2022 By Francesco Canepa A sudden jump in carbon prices coupled with floods and droughts this year would lead to losses of at least...
Europe’s Landmark Test of Banks’ Resilience to Climate Risk Is Softer Than Expected July 6, 2022 By Nicholas Comfort and Steven Arons Europe’s landmark test of banks’ resilience to global warming was far softer than many lenders had expected, according to people...
EU Weighs Measures to Bring Financial Sector into Line with Its Climate Plans: Sources June 30, 2021 By Huw Jones The European Union is considering a wide range of measures to bring the bloc’s financial sector into line with its...