While the regions Greece, Kosovo and Serbia face common challenges like high unemployment, depopulation and brain drain – trends like decarbonisation and energy transition are supplementary hindrances. This Blog provides an assessment of the internal and external environment for each region and how the "Green Rural Deal-Project" will bridge them towards a low-to-zero-carbon development and serve as a "proof of concept" that even for the most deprived regions, the transition provides multiple benefits.
This year will be key for future climate policy and especially for sustainable finance in Germany and Europe. Sustainable Finance plays a crucial role in improving climate protection and sustainable growth. To this end, Germanwatch joined forces with the Alliance for Corporate Transparency in order to push towards greater corporate responsibility and disclosure requirements to meet the EU and Paris climate targets. This is the third article of our briefing series "Full Disclosure: Monthly Briefing on EU Corporate Transparency Regulation", in which we aim to shed light on the need for and benefits of forward-looking reporting requirements in a changing EU regulatory environment
On 21 April 2021, the European Commission published its proposal for a new EU Corporate Sustainable Reporting Directive (CSRD). In a joint public statement, Germanwatch and other NGOs associated with the Alliance for Corporate Transparency welcome many aspects of the proposal, including the development of mandatory sector-specific EU sustainability reporting standards.
On 29 March, the Portuguese EU Council presidency officially launches the European Year of Rail. Germanwatch and other European NGOs have send an open letter to the Commission and the Portuguese presidency to call for a European rail renaissance. The EU and the member state governments need to use the European Year of Rail 2021 to give a boost to cross-border passenger rail, with the following measures:
For a year and a half, representatives from the real economy, the financial sector, academia and civil society fought hard to reach an agreement on how Germany could become a prime hub for sustainable finance . On February 25, the final report of the German government's Sustainable Finance Advisory Council (SFB) was published, with ambitious recommendations on how to make the financial market more sustainable: Shifting the Trillions - A Sustainable Financial System to facilitate the Great Transformation. It is now the government's turn to translate the recommendations into an effective strategy and initiate the first legislative changes before the end of this legislative term.