green

(Reuters) – European Union lawmakers on Thursday approved green finance rules ensuring investments do not prop up polluting industries, requirements they and investors say should also guide spending of hundreds of billions of euros in coronavirus recovery funds. European Union flags fly outside the European Commission headquarters in Brussels, Belgium, December 19, 2019. REUTERS/Yves Herman
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MILAN/LONDON (Reuters) – Eni CEO Claudio Descalzi wants to turn the 67-year-old Italian oil and gas firm into a greener business, focusing on clean low-carbon products to build a huge customer base which he believes can steady the ship and attract investors more than ever.  FILE PHOTO: Claudio Descalzi, CEO of Italian energy company Eni
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OSLO (Reuters) – The Norwegian government proposes spending 3.6 billion Norwegian crowns ($369 million) on investments to make its economy greener as it gradually emerges from coronavirus lockdowns, the government said on Friday. “The crisis we are now in hasn’t made the need for transformation smaller – it has increased it,” Prime Minister Erna Solberg
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BERLIN/FRANKFURT (Reuters) – Germany’s government on Friday failed to agree on a national hydrogen (H2) strategy, with ministers divided over proposed capacity and implementation times for the long-awaited plan to help decarbonise the economy and cut carbon dioxide emissions. Electrolysis is a carbon-free process, if powered by renewable electricity, to extract “green” hydrogen from water.
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(Reuters) – The European Commission pledged on Thursday to attach climate conditions to its massive funding package to save Europe’s coronavirus-battered economies, but stopped short of banning support for all fossil fuels. The European Union’s executive on Wednesday proposed a 1.1- trillion-euro EU budget for 2021-27 and a new 750 billion economic recovery fund while
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FRANKFURT (Reuters) – The head of Germany’s largest energy company E.ON on Tuesday urged the German government to increase funds for green power infrastructure and cap costs to consumers as the demand drop following the coronavirus outbreak saps existing finance. A fall in wholesale prices because of the collapse in energy use during lockdowns means
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BRUSSELS (Reuters) – The European Union’s top climate official encouraged governments on Monday to attach green conditions to public support for coronavirus-hit companies, after the bloc’s executive opted not to do so at the EU level. The European Commission, which approves state support schemes, updated its temporary rules on Friday for firms receiving government aid
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FILE PHOTO: The sun rises behind an electric power windmill in Halle, Belgium September 11, 2019. REUTERS/Yves Herman LONDON (Reuters) – Wind power companies have called on governments to ensure efforts to encourage low-carbon energy are maintained amid the economic fallout from the coronavirus pandemic, according to a statement seen by Reuters. Some governments have
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LONDON (Reuters) – Britain should use economic stimulus measures to speed a shift away from fossil fuels and take advantage of low oil prices to raise revenues from carbon taxes without hurting consumers, state-appointed climate advisers said on Wednesday. Their proposals reinforce global pressure on governments to consider the environment as they pour money into
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LONDON (Reuters) – Massive programmes of green public investment would be the most cost-effective way both to revive virus-hit economies and strike a decisive blow against climate change, top U.S. and British economists said in a study published on Tuesday. FILE PHOTO: Environmental activists of Swiss Klimastreik Schweiz movement hold banners, as the spread of
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LONDON (Reuters) – Massive programmes of green public investment would be the most cost-effective way both to revive virus-hit economies and strike a decisive blow against climate change, top U.S. and British economists said in a study published on Tuesday. With co-authors including Nobel laureate Joseph Stiglitz from Columbia University and prominent British climate expert
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LONDON (Reuters) – The world’s richest nations must ensure their COVID-19 recovery plans are sustainable and help meet the goals of the Paris climate accord, according to leading global investor groups that together manage trillions of dollars in assets. FILE PHOTO: Environmental activists of Swiss Klimastreik Schweiz movement hold banners, one of them reads: “Crisis
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LISBON (Reuters) – Looking to a more environmentally-friendly future after the coronavirus, Portugal is preparing a handful of multi-billion projects including a new hydrogen plant and will revive a delayed solar auction in June, a minister said. FILE PHOTO: (L-R) Portugal’s Environment and Energy Transition Minister Joao Pedro Matos Fernandes, Health Minister Marta Temido, Economy
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BRUSSELS (Reuters) – The European Union should impose policies to underpin fossil fuel prices to protect the bloc’s climate ambitions during its recovery from the coronavirus pandemic, the French government said. FILE PHOTO: Activists protest against the carbon dioxide emissions trading in front of the World Congress Centre Bonn, the site of the COP23 U.N.
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LONDON (Reuters) – Global efforts to minimise the economic fallout from the coronavirus pandemic present an historic opportunity to scale up the technologies needed to speed a transition to cleaner energy, the head of the world’s energy watchdog says. FILE PHOTO: Fatih Birol, Executive Director of the International Energy Agency, poses for a portrait at
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BERLIN (Reuters) – Governments should focus on climate protection when considering fiscal stimulus packages to support an economic recovery from the coronavirus pandemic, German Chancellor Angela Merkel said on Tuesday. FILE PHOTO: German Chancellor Angela Merkel gives a media statement after a video conference of EU leaders on the spread of the new coronavirus disease
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WASHINGTON (Reuters) – A plan by President Donald Trump to temporarily block some foreigners from permanent residence in the United States is still undergoing legal review, which could delay its signing, according to White House aides on Wednesday. U.S. President Donald Trump addresses the daily coronavirus task force briefing at the White House in Washington,
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LOS ANGELES (Reuters) – As environmentalists celebrate the 50th anniversary of Earth Day this week, a new documentary poses a sobering question. FILE PHOTO: Director Michael Moore speaks during a rally by U.S. Democratic presidential candidate Senator Bernie Sanders in Cedar Rapids, Iowa, U.S., February 1, 2020. REUTERS/Carlo Allegri/File Photo What if wind farms, solar
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LONDON (Reuters) – U.N. chief Antonio Guterres urged governments to use their economic responses to the coronavirus pandemic to tackle the “even deeper emergency” of climate change, in a message for the 50th anniversary of Earth Day. FILE PHOTO: United Nations Secretary-General Antonio Guterres attends an interview with Reuters, at the U.N. Climate Change Conference
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