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How can I know if I’m investing in sustainable projects?

Investors seeking ‘sustainable’ investments will have new criteria to guide them, according to a new EU proposal. An expert group established by the European Commission has drafted requirements and a list of projects to help financial services classify their products and stop ‘greenwashing’, misunderstandings and inconsistencies in environmental investments. T&E has welcomed the list, albeit warning that the proposal has one major flaw that could undermine its credibility.

Published on July 11, 2019 - 18:59

First gas-powered cruise ship is not sustainable tourism

T&E has joined forces with environmental NGOs in Spain to warn that a high-profile exercise in cleaning up shipping risks locking in fossil fuels for decades to come. The port of Barcelona has committed to investing in infrastructure to supply liquefied natural gas (LNG) to ships, and last month it celebrated the arrival of its first gas-powered cruise ship as a breakthrough for sustainable tourism. However, a T&E member described it as ‘greenwashing’.

Published on May 8, 2019 - 18:47

Boost for electric buses in legislative race against time

The European Parliament has given a boost to the take-up of electric buses, with a vote that strengthens the bus chapter of the European Commission’s Clean Vehicles Directive. But with elections to the parliament due in May, it is now a race to get the directive approved before the legislative process would have to start again. T&E has since published a report showing that total cost of ownership of e-buses is now almost at parity with diesel buses when health external costs are included.

Published on November 12, 2018 - 23:39

Gas should be treated same as other fossil fuels, report shows

Powering Europe’s transport with fossil gas – widely known as ‘natural’ gas – would emit as much greenhouse gases as using petrol, diesel or conventional marine fuels, a new T&E report has found. Fossil gas cars also emit as much air pollution as petrol ones and their limited advantage over new diesels that comply with the latest emissions standards could be eliminated by the planned introduction of new Euro VII/7 standards, the research shows. Yet, by taxing gas for transport at a rates much lower than petrol and diesel, European lawmakers are incentivising the use of this fossil fuel.

Published on November 12, 2018 - 16:41

EU law will see $22bn spent on obsolete natural gas infrastructure for shipping

Europe has already spent half a billion US dollars on natural gas infrastructure for its shipping sector in order to comply with an EU law – and continuing its roll-out is likely to cost governments and investors $22 billion by 2050, a new study has found. Liquified natural gas (LNG) will reduce shipping emissions by just 6%, at most, compared to the replaced diesel fuel, the research by the UMAS consultancy shows.

Published on July 2, 2018 - 15:46

EU battery plan can only succeed if there is strong market for electric vehicles in Europe

An action plan to drive the production, reuse and recycling of lithium-ion batteries in the EU has been published by the European Commission. T&E has welcomed the strategy, but says parallel measures to ensure carmakers sell a minimum number of electric vehicles are needed if Europe is to make the most out of the economic potential of electric cars.

Published on June 7, 2018 - 15:34

Commission wants budget to prioritise climate

The European Commision wants 60% of the EU’s key infrastructure fund spent on contributing to climate objectives. It has proposed that the €42 billion Connecting Europe Facility would have €30 billion to co-finance investments in transport, and that funding for electricity transmission, electricity storage, smart grids, renewable energy, rail, and clean urban transport would be considered to be 100% “climate spending”.

Published on June 7, 2018 - 14:57

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