The European Commission has adopted a new Circular Economy Package it says will help European businesses and consumers contribute to “closing the loop” of product lifecycles through greater recycling and re-use. But Members of the European Parliament are critical of the new package.
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The European Investment Bank is the first issuer to link its individual green bonds to the projects they finance for the sake of transparency and accountability ahead of the Paris climate talks.
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The world’s top bankers are getting comfortable with what World Bank Vice President and Special Climate Envoy Rachel Kyte calls “a new generation of policy innovations that aim to ensure the financial system serves the needs of inclusive, environmentally-sustainable, economic development.”
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Six of the largest U.S. banks have called for a strong, legally-binding universal climate agreement (Climate Deal) to emerge from the United Nations Paris climate conference in December.
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Europeans no longer trust the way the EU resolves disputes between investors and states, says European Trade Commissioner Cecilia Malmström. The Swedish politician proposes to restore that trust by establishing a “modern and transparent” Investment Court System.
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