A review of the European Union’s fiscal rules in 2022 could open the door for massive public investments into the energy transition. A political fight over the direction of that amendment will dictate just how ambitious Europe can afford to be with its green policies
Without a revision to the rules, national governments may face having to choose between funding social or green policies
POPULAR SUPPORT Reform of pact to exempt green investment from thresholds is gaining momentum
RECOVERY TEMPLATE The pandemic recovery fund offers a suggested programme to appease all member states
KEY QUOTE Getting the fiscal reform right doesn't mean the Green Deal will then be easy to achieve. However, getting it wrong will make its implementation much more difficult ...
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An EU taxonomy to define green investments is expected to enter into force in 2021, but some experts want it to be used immediately to inform stimulus packages aimed at dealing with the social and economic fallout from the Covid-19 pandemic
Three out of four European cement producers are operating above the emissions threshold set by the new EU Taxonomy for Sustainable Activities, risking both their license to operate and commercial opportunities, says Fleming Voetmann at FLSmidth
The world is awash with capital, but a lack of clarity about what really is a green investment is stalling much needed investment in low carbon infrastructure. Taxonomies can offer some much needed clarity says Sean Kidney, Co-founder and CEO of the Climate Bonds Initiative
More and better data is needed to help reorient capital flows towards more sustainable investments
There will be no place for fossil gas in a decarbonised world, says Florent Marcellesi, a Green Member of the European Parliament, urging the European Commission to agree clear definitions and a sound taxonomy for all new gases to ensure they comply with the Paris Climate Agreement
Europe is moving fast to make the financial innovations required to underpin its Green Deal, write Tom Jess, Policy Advisor, and Kate Levick, Programme Leader, at E3G, an independent climate change think tank