CrisisWatch

Economy & development

Green laws are good for EU economies

On February 3rd, the European Commission published its environmental law review, highlighting the importance of full implementation for healthy and sustainable economic development. According to the report: “The EU's environmental policy and legislation bring undeniable benefits: they protect, preserve and improve the environment for present and future generations, and preserve the quality of life of EU citizens. Weak implementation generate...
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Less debt more Earth

WWF opens dialogue on green debt relief for a living economy in Greece Seven years of crisis and austerity in Europe are placing great strain on the European project. In Europe’s nature, life goes on: Greece hosts a unique ecological treasury, which is threatened by increasing pressures for rapid but unsustainable growth and environmental deregulation. Greece’s debt can hardly be deemed sustainable and is crippling for the prospects of the c...
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Crisis turns businesses away from green certification

Research focusing on Italian and Spanish companies EMAS-certified has revealed that the economic downturn deters them from renewing their certificate. This trend appears particularly within the subgroup of companies basing their certification on government grants.   According to the researchers from the University of the Basque Country (Spain) and the Laval University (Canada),  43.1% of the firms that took part in the study, confirmed that...
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OECD: Strict green laws do not harm export economies

Rapid economic growth at all costs being the dominant political mantra since the beginning of the crisis, EU environmental legislation has been the target of unrelenting pressures for easing, on allegations that it prevents businesses from growing and thus hampers economic recovery. A recent study by the OECD however adds evidence to the opposite conclusion: strict environmental regulations and policies do not harm export competitiveness. This co...
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UK needs a greener Budget to face high cost of environmental loss

The Budget must work harder to tackle the growing risks from environmental degradation, natural resource scarcity and climate change if the UK is to enjoy resilient economic growth in the future, states WWF-UK in its recent report. Unless the Government act soon, the consequences for Britain’s prosperity are likely to be costly in the long-term. In its new 2016 report ‘A Greener Budget: choices for a prosperous future’, WWF-UK sets out a s...
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WWF maps “blue Gold Rush” in the Mediterranean

The Mediterranean region is currently facing impressive growth, a real “blue Gold Rush”, which has gained speed during the ongoing economic crisis. Without a long-term vision for sustainable development, the Mediterranean Sea will not be able to sustain the region’s economies and human wellbeing.   MedTrends, an analysis recently published by WWF on the development trends in the Mediterranean, provides the first integrated picture of 10...
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Eurostat: Green tax share at 6.3% in 2013

According to data released by Eurostat in November, the share of environmental taxes in total tax and social contribution revenues decreased by 0.6% in the period 2003-2013.  Between 2003 and 2013, the amount of revenues from environmental taxes, expressed in euros, increased in all EU Member States for which data are available, except Portugal (-14%) and Germany (where it remained almost stable). Over the same period however, the share of envi...
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Italy greens its national budget for 2016

On 22 December, the Italian Parliament opened an important window for sustainable economic development: the Chamber of Representatives definitively approved the final draft of a bill on green economy. Upon its approval by the Senate, the bill will be attached to the Stability Law (the annual national budget). The bill titled “Environmental provisions for the promotion of green economy and the control of excessive use of natural resources” co...
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WWF addresses the IMF, EU & ECB on Greece’s environmental rollback

In a letter addressed to the representatives of the creditor institutions in Greece Delia Velculescu (IMF), Declan Costello (EC) and Rasmus Rüffer (ECB), the environmental organisation WWF Greece sheds light on the environmental rollback, intransparency and bad law-making, which plague the country and have worsened during the crisis. In the letter, which presents the English version of WWF’s 2015 environmental law review, WWF Greece’s Direc...
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Two Greek governments, same disregard for the environment and sustainability

Two consecutive governments share the same disregard for Greece’s environment and the potential for the development of a sustainable economy. Dramatic increase in EU environmental law infringement cases, new rulings by the Court of Justice of the European Union, and paralysis of the national parks, are the main features of a disappointing year filled with environmental deficit. WWF Greece’s annual review of environmental and energy law, whic...
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