EU bank and Hydrogen Europe team up to drive green financing

The agreement will help to identify projects that can receive EIB financing and support their bankability

EU backs seven solar power plants in Spain with €54m financing

They will have a total capacity of 261MW and generate enough electricity to power around 121,300 Spanish homes

EU adopts guidelines to ‘climate-proof’ future infrastructure projects

Climate-proofing is a process that integrates climate change mitigation and adaptation measures into the development of infrastructure projects

EU approves €30.5bn French scheme to support renewable electricity production

Seven types of tenders for a total of 34GW of new renewable capacity will be supported between 2021 and 2026

EU invests €122m to help bring low carbon technologies to market

Technologies including hydrogen, energy storage and renewable energy will be supported, with the aim of deploying them in energy intensive industries

Sustainable investments make up a third of all global assets

This is a 15% overall increase since 2018

Greece referred to EU Court over poor air quality – again

The Commission said poor air quality has been caused by high levels of nitrogen dioxide

EU backs renewables and power network upgrades in Romania with €120m loan

It will support the rollout of advanced metering and the integration of renewable energy generation such as solar and wind, supporting the green transition in Romania

EU fines BMW and VW Group €875m for colluding with Daimler on clean emissions technology

Daimler received full immunity and was not fined for revealing the existence of the cartel to the Commission

EU proposes voluntary European Green Bond Standard

It aims to set a ‘gold standard’ for how companies and public authorities can use green bonds to raise funds to finance investments and help reduce the risk of greenwashing