13 Jul Green finance group call on EU to stop funding fossil fuels
The upcoming revision of the EU’s multi-annual budget is “a significant opportunity” to increase investments in clean technologies and “explicitly exclude fossil fuels and other unsustainable projects” from public funding, the group wrote in its report. Public money should be geared towards “only supporting renewable energy and energy and resource efficiency”, the report added.
The EU high-level group on sustainable finance was set up by the European Commission last December to look into ways of nudging the financial system towards long-term environmental and social objectives.
Full report available here