New EU measures to combat greenwashing aim to challenge companies that promote so-called sustainable products, reports Euronews. Greenwashing is an attempt by a company to present its products as more environmentally friendly than they are. The methods used are many and varied: unjustified use of eco-labeling, vague sustainability terminology without real meaning and inaccurate promises...
European hydrogen equipment makers have called on the European Union to step in to help the industry compete with cheaper Chinese manufacturers, Reuters reports. Companies including Thyssenkrupp Nucera, Siemens Energy and Nel Hydrogen want Brussels to do more to ensure European-made equipment drives the EU's 2030 plan…
The European Union must double targeted investment to meet climate targets by 2030, a consortium of research organizations has said, warning that the pace of Europe's action must accelerate. Achieving the 2030 target is central to the EU's ability to meet its ambitious net…
The centre-right European People's Party (EPP) wants a continued but reduced commitment to climate action and nature protection, according to a draft version of its priorities for the next European Commission, Euractiv reports. The draft document sets out the party's political priorities for the next five-year EU cycle, ahead of a July 2-4 group meeting in Portugal…
The Vietnamese car company VinFast, which was briefly the third most expensive in the world, has a big problem – it cannot sell enough cars, AP reports. Idle factories drain funds, and the financial health of the company is at stake. Having established that the American market is a "bony nut", VinFast hopes its smallest and cheapest car…
The European Commission's recent decision to greenlight €40 million in state aid for a new liquefied natural gas (LNG) terminal in Brunsbüttel, Germany, is a short-sighted gamble fraught with environmental and legal concerns. That's what Stephanie Newburgh, a legal expert at ClientEarth, fears. This is what she wrote in Euractiv: The terminal is one of the…
The CEO of the investment fund SINO-CEEF Capital, Chen Fei, announced at a meeting with Tsvetan Simeonov, chairman of the Bulgarian Chamber of Commerce and Industry (BCCI), that the fund is interested in investing in Bulgaria, as the country exports electricity, there is scope for renovation of energy objects and their transformation into sustainable and green ones, the construction of development...
By failing to meet its 2020 renewable energy targets and refusing to set similar targets for 2030, France risks a heavy fine and a freeze on European funds. But in practice, the imposition of sanctions seems far off. Like all EU countries, France was required to present a final National Energy and Climate Plan…
One of the largest retail chains - Lidl and WWF (World Wide Fund for Nature), one of the largest independent environmental protection organizations in the world, announced the beginning of a new five-year international strategic partnership in 31 countries. The long-term collaboration with WWF will focus on working across Lidl's value chain. This way you will…
ESG is not a phenomenon known only in Europe. The countries of the region are also working towards sustainability. Egypt is such an example. Businesses in Egypt are seeing the benefits of adopting ESG practices. As international investors increasingly include ESG criteria in their decision-making process, Egyptian companies that adhere to these principles are in better…
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