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Search Results for european commission
European Investment Bank to Phase Out Fossil Fuel Financing
The European Investment Bank has agreed to phase out its multibillion-euro financing for fossil fuels within the next two years to become the world’s first ‘“climate bank”. The bank will end its financing of oil, gas, and coal projects after…
41 European Mayors Declare Support for a Just Transition from Coal
A group of 41 mayors from 10 coal regions in 9 European countries are launching a statement supporting a just transition to the post-coal era. Two of the mayors – from the Czech Republic and Germany – presented this statement…
Deforestation in Tropical Countries Linked to European Diets in New Study
One-sixth of the carbon footprint of the average diet in the European Union can be directly linked to deforestation in tropical countries, according to a new study from researchers at Chalmers University of Technology, Sweden. The study, due to be…
The Last Straw: European Parliament Votes to Ban Single-Use Plastics
The European parliament has voted to ban single-use plastic cutlery, cotton buds, straws and stirrers as part of a sweeping law against plastic waste that despoils beaches and pollutes oceans. The vote by MEPs paves the way for a ban…
European Investment Bank Commits €50 Million To Build 9 Spanish Wind Farms With 300 Megawatts Of Capacity
The European Investment Bank announced on Thursday that it would commit €50 million in loans to finance 9 wind power projects developed by the Spanish firm Forestalia Renovables which will be built in the Aragón region of Spain. With support…
European Parliament Votes to Strengthen 2030 Renewables Goals and Set ‘Net Zero’ Emission Target
The European Parliament yesterday voted in favour of proposals to significantly strengthen the EU’s climate package through to 2030 and beyond, backing a higher renewable energy target, more ambitious binding efficiency goals, and a new 2050 ambition to build a ‘net…
European Union Cut Emissions 23% As Economy Grew 53%
Between 1990 and 2016 the European Union has cut greenhouse gas emissions by 23% while at the same time growing its economy by 53%, proving again that environmental action need not negatively affect the financial bottom line. The European Commission…