ECB regulations for loan collateral prefer climate sinners

– EZB The ECB appears to be less climate-friendly than assumed. – (Photo: dpa) – – – – Frankfurt According to a study, the ECB prefers climate sinners among companies with its rules for loan collateral for financial institutions. Around 59 percent of the corporate bonds that the ECB accepts from banks as pledges came … Read more

Switching to renewables relieves pressure on the environment

– According to the EEA, the increased use of photovoltaics, wind and biomass in electricity production in the EU led to a significant reduction in climate-damaging greenhouse gases between 2005 and 2018. That is not the only advantage of switching from fossil to renewable energy sources: The growth in renewables since 2005 has also reduced … Read more

European politicians warn the EU against interfering with lending

– European Commission in Brussels – – – Brussels The topic of sustainability may have been overshadowed by the corona crisis this year, but it has not disappeared. On the contrary: In the summer, the EU Commission for the first time defined in a generally binding manner when an investment can be described as “green” … Read more