EU Climate Law

Change Partnership responded to the EU consultation on an EU-wide climate law that would lock in a zero-carbon by 2050 target. Our recommendations are:

Definition:‘carbon neutrality’ is vague and will lead to a confusing and misleading legislative framework.  Therefore, the legal definition of the target should be ‘zero-carbon’ which refers to all non-negligible quantities of CO2e from production sources. 2050 targets: The EU must set two separate targets for 2050. The first relates to the need to remove all direct CO2e […]

By |February 18th, 2020|Climate Change, EU2050, phase-out fossil fuel subsidies|0 Comments

Sustainable finance: making sure capital markets benefit the climate

Two factors are driving a revolution in the financial industry. Firstly, large consumers such as pension funds and other institutional investors, are increasingly demanding low-risk assets and opportunities which are compatible with the goals set out Paris Agreement. Some large financial organisations are already reducing their risk exposure to high-carbon assets. Axa, one of the largest global insurers committed to invest €12 billion in green projects by 2020; an additional €3 billion divestment from carbon-intensive energy such as coal […]

By |January 8th, 2019|Climate Change, EU2050, Sustainable finance|0 Comments

Is populism bad for climate change?

The violent response to the French carbon tax in Paris demonstrates good climate policy is dependent on a fair, just and managed transition writes Sanjeev Kumar. Far from stalling, climate change action is becoming a major issue in elections globally, he argues in an article published by Euractiv here.