Kate Abnett, Simon Jessop
Kate Abnett, Simon Jessop
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Analysis: Tested by taxonomy - EU green finance rules leaky for ships, tight for houses

Analysis: Tested by taxonomy - EU green finance rules leaky for ships, tight for houses

By , BRUSSELS/LONDON (Reuters) - Months of EU deliberation to decide which business activities can be marketed as green investments have produced a set of draft standards some finance officials and NGOs say are lax for the polluting shipping sector and challenging for buildings.In other cases, they strike a fair balance, they say.As the European Union pursues regulation to try to deliver the 2015 Paris Agreement on climate change, a powerful tool in channelling funding over the coming decades will be its financial taxonomy - in other words, a system of classifying activities that can be...

November 23, 2020
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Britain, Canada, EU throw weight behind 2030 biodiversity protection goal

Britain, Canada, EU throw weight behind 2030 biodiversity protection goal

By , BRUSSELS/LONDON (Reuters) - Britain and Canada on Monday joined the European Union in pledging to protect 30% of their land and seas by 2030 to stem “catastrophic” biodiversity loss and help galvanise support for broader agreement on the target ahead of a U.N. summit.With the twin crises of climate change and wildlife loss accelerating, leaders are trying to build momentum ahead of the meeting in Kunming, China, in May, where nearly 200 countries will negotiate a new agreement on protecting nature.“We must act now – right now. We cannot afford dither and delay because biodiversity loss...

September 28, 2020
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