Press Release: Greens/EFA – EIB Takes Big Step Towards Becoming a Climate Bank but Loopholes Remain

Last night EU Member States and the Commission agreed to a new energy lending policy for the European Investment Bank, which will see the EIB end investments for most fossil fuels from the end of 2021 and have 50% of its investments go to climate and sustainable investment projects from 2025.

Speech: Vice-President Valdis Dombrovskis on “Priorities of the new European Commission for Sustainability and green Finance” at the Guildhall in London

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Press Release: EU Bank launches ambitious new climate strategy and Energy Lending Policy

The EIB will end financing for fossil fuel energy projects from the end of 2021. Future financing will accelerate clean energy innovation, energy efficiency and renewables. EIB Group financing will unlock EUR 1 trillion of climate action and environmental sustainable investment in the decade to 2030.

Agenda: Meeting of the EIB Board of Directors (14 November 2019)

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In-Depth Analysis: Economic Dialogue with the President of the Eurogroup

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Press Release: EIT Climate-KIC strengthens biodiversity

EIT Climate-KIC developed a suite of initiatives with systemic impact that integrate nature-based solutions and related strategies, such as granular-level urban greening, normalising climate resilience labelling for properties, scaling sustainable food production and reducing emissions through plant-based diets.

Press Release: A Sustainable Europe must leave no one behind

The European Economic and Social Committee (EESC) believes that tackling the social question is absolutely crucial to achieve the United Nations 2030 Agenda on Sustainable Development in the EU. The implementation of the 17 Sustainable Development Goals (SDGs) requires merging the social with the economic and environmental dimensions of sustainability, bringing about a systemic change and overcoming the silo thinking prevalent in current EU strategies. The “new deal” announced by the Commission President-elect should therefore be a Green and Social Deal ensuring that no one is left behind in the transition to a sustainable and carbon-neutral Europe.

Speech: Vice-President Valdis Dombrovskis on challenges and impacts of implementing Basel III

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Voting Result: Regulation of the European Parliament and of the Council on sustainability-related disclosures in the financial services sector (first reading)

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Voting Result: Regulation of the European Parliament and of the Council amending Regulation (EU) 2016/1011 as regards EU Climate Transition Benchmarks, EU Paris-aligned Benchmarks and sustainability-related disclosures for benchmarks (first reading)

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OPP Meeting Summary: Economic and Financial Affairs Council – AOB – Information on current financial services legislative proposals (8 November 2019)

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Climate Finance – Council Conclusions on Climate Finance

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Agenda: Working Party on Financial Services (Sustainable Finance – Attachés only) (15 November 2019)

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Press Release: Climate finance: EU and member states’ contributions up to €21.7 billion in 2018

Contributions from the EU and its member states to help developing countries reduce their greenhouse gas emissions and cope with the impacts of climate change have more than doubled since 2013.

UPDATED – Agenda: Economic and Financial Affairs Council (8 November 2019)

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Publication: Turning up the heat – climate risk assessment in the insurance sector

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Agenda: Coreper 2 Meeting (23 October 2019)

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OPP Meeting Summary: EP DEVE Committee – Ad hoc delegation to the UN summits on Climate Action and the Sustainable Development Goals and the high-level dialogue on Financing for Development, New York, 23-26 September 2019 (6 November 2019)

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Agenda: Coreper 2 Meeting (6 November 2019)

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UPDATED – Report From the Commission to the European Parliament and the Council on Preparing the ground for raising long-term ambition EU Climate Action Progress Report 2019

Update: An addendum was published (ADD1).

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