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EU Commission bids to stem the flow of greenwashing in banking with own 'green list'

In a much needed attempt to stop greenwashing, genuine mistakes and inconsistencies in the financial sector’s investment criteria, the European Commission’s expert group on sustainable finance today published a draft list of projects that can be deemed ‘green and climate proof’. The list could become the gold standard for sustainable finance, mobilising billions for the clean transport transition. The European federation of green NGOs, Transport & Environment (T&E), welcomes this attempt to guide investors willing to invest in projects in line with net zero emissions by 2050.

Published on June 18, 2019 - 11:34

MEPs want €10bn allocated for cleaner and safer transport in EU budget

MEPs have given a thumbs-up to spending €10 billion of the EU’s transport infrastructure budget on smart, sustainable and safe transport projects like re-charging stations and railway signaling upgrades. T&E said that guaranteeing this funding for the period 2021-2027 – as part of the Connecting Europe Facility (CEF) – is crucial if Europe is to meet its climate targets.

Published on December 20, 2018 - 14:10

EU wants environmental guarantees from the UK

Europe’s chief negotiator on the UK’s exit from the EU has insisted that Britain must agree to abide by EU environmental rules if it wants access to the internal market. Speaking at a special debate organised by the Group of 10 leading Brussels-based environmental groups (G10) earlier this month, Michel Barnier said the UK must agree to a ‘non-regression clause’ being included in its post-Brexit trade agreement with the 27-member bloc.

Published on May 2, 2018 - 13:46

Creating Versailles out of a landfill: after landmark case, what is the fate of the multilateral investment court?

Countries will meet at the United Nations Commission on International Trade Law this week, in the UN’s famous New York City building, to discuss modernising the mechanism that enables foreign firms to sue governments for what they perceive as unfair policy measures that can harm future profits. This is commonly known as investor-state dispute settlement, or ISDS. The European Commission’s proposal to reform this archaic system will form the core of the discussions.

Published on April 23, 2018 - 17:44

Enforcing environmental rules in trade deals ‘as important as commercial rules’

An enforceable set of sustainable development requirements should be written into all free trade agreements that the EU concludes. That is the recommendation from a paper by T&E which draws on research conducted two years ago when discussions on the ‘TTIP’ EU-US trade deal were at their height.

Published on October 30, 2017 - 19:58

Make UK access to single market conditional on respect for EU environment standards after Brexit – NGO

The EU should make preferential access to the single market conditional on the UK agreeing to respect EU environmental standards and climate targets after Brexit, sustainable transport group Transport & Environment (T&E) has said. The UK government must not be allowed to engage in “environmental dumping” to give Britain an edge over its EU trade partners, the NGO’s report, Putting the Environment at the Heart of Brexit, has found.

Published on September 28, 2017 - 11:16

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