European Union blue and gold flags flying at the European Commission building in Brussels, Belgium. Newly adopted guidelines set forth by the European Commission Tuesday aim to tackle climate change by way of the financial sector. The move comes to bolster the success of the Sustainable Action Plan published last year to reorient capital flows toward sustainable investment and manage financial risks from climate change, environmental degradation and social issues. In short, the guidelines help define an environmentally friendly investment by providing companies with recommendations on how to report the impact of their activities on the climate, as well as how climate change impacts their business. “The climate emergency leaves us with no choice but transit to a climate-neutral economy model,” said Valdis Dombrovskis, vice-president responsible for financial stability, financial services and capital markets union. “Today’s new guidelines will help companies to disclose the impact of the climate change on their business as well as the impact of their activities on climate and therefore enable investors make more informed investment decisions.” Efforts will ensure that 6,000 European Union (EU) companies, banks and insurance agencies transition to a climate-neutral economy, furthering 2030 climate and energy framework seeking to cut carbon […]
Latest Articles
Cabbage-Growing Experiment Shows Human Waste Can be Good to Use as Fertiliser
Takeaways: New research has shown that using fertilizers from human waste can be as productive as conventional organic ones.
Scientists studied a crop of...
Mercedes-Benz Becomes First Stadium in the World to Earn Platinum Certification for Zero Waste
Takeaways: The Mercedes-Benz Stadium has become the first professional sports stadium in the world to be awarded the Total Resource Use and Efficiency Platinum...
Float Anywhere; this Solar-Powered Houseboat is the Future of Tiny Living.
Float Anywhere; this Solar-Powered Houseboat is the Future of Tiny Living. Float Anywhere; this Solar-Powered Houseboat is...
Biodiversity: Fungi are ‘Underloved and Understudied’
Takeaways: The vast majority of fungi in the world are harmless to humans and animals and are often beneficial.
The Saprophytic fungi, for example,...
The Top 5 Happy Eco News Stories for February 6, 2023
The Top 5 Happy Eco News Stories for February 6, 2023 Thanks for reading the Top 5 Happy Eco News! This week, we have two guest...
Baby Seals Spotted in Record Numbers on Norfolk Coast
Takeaways: A record number of baby seals have been spotted on a five-mile stretch off the coast in Norfolk.
3796 seal pups have been...