Remove 2030 Remove Green Investing Remove Greenwashing
article thumbnail

EU ‘green’ label for gas and nuclear sparks sustainable investing crisis

Corporate Knights

I’m reminded of this debate amid the current turmoil over a green investment label in Europe, a situation caused largely by the unwillingness of the sustainable investment sector to create its own industry standard. Until very recently, the initiative has been considered a success.

article thumbnail

Green taxonomy proposal may overcome Canada's climate finance impasse

Corporate Knights

The European Union, China, the United Kingdom and about 20 other countries are developing such taxonomies as a way of discouraging greenwashing and channelling investment to the climate transition. The EU’s taxonomy has been particularly controversial because of its inclusion of natural gas and nuclear as “green investments.”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

EU wants to allow natural gas, nuclear in green investment

Renewable Energy World

BRUSSELS (AP) — The European Union on February 2 proposed including nuclear energy and natural gas in its plans for building a climate-friendly future, dividing member countries and drawing outcry from environmentalists as “greenwashing.” This anti-science plan represents the biggest greenwashing exercise of all time.

article thumbnail

Feds roll out climate requirements for companies that receive big government contracts

Corporate Knights

Environmental groups complain that the group is rife with conflicts of interest in setting green investment standards for themselves, given their considerable reliance on oil and gas business. She says the inclusion of oil and gas projects in a transition framework would amount to greenwashing for an unsustainable source of energy.

Net Zero 322
article thumbnail

Canada is falling behind in global race to attract sustainable investments: Guilbeault

Corporate Knights

Key jurisdictions, including the European Union, the United Kingdom, Australia, Japan and China, are moving forward with taxonomies that will guide green investment decisions and help avoid greenwashing. For greenhouse gas reductions alone, the scale of capital required is enormous.

article thumbnail

Take Five: Green Means Green

Chris Hall

European regulators have ratcheted up efforts to eliminate greenwashing from the investment sector. End of an era I – The fight against greenwashing inched ahead with the release of final guidelines for naming ESG- or sustainability-related funds by the European Securities and Markets Authority (ESMA).

article thumbnail

Take Five: Into the Stratosphere

Chris Hall

Last September, the UN marked the halfway point to their 2030 deadline with a special conference – which rallied support for a US$500 billion per annum stimulus plan – while world leaders also sought to identify and clear blockages in the international finance system in Paris. billion) green investment pledge.