More than 90 environmental and consumer groups have today appealed to the European Parliament not to accept sustainable finance rules that would allow logging and the burning of trees to be counted as green investments. In a public letter, groups such as Transport & Environment (T&E), WWF, Greenpeace, and BEUC call on the 705 MEPs to suspend scrutiny of the EU Commission’s taxonomy of green investments until other crucial pieces of legislation on bioenergy, gas, nuclear energy, and agriculture are disclosed later this year.
Intense lobbying by Sweden and Finland in particular led to the deletion of science-based criteria for forestry and bioenergy, the 91 groups write. As a result, indiscriminate logging and the burning of trees for energy would be greenwashed by the Delegated Act on sustainable finance that MEPs have been asked to approve by December.
William Todts, executive director at T&E, said: “This taxonomy will direct green finance to good things like solar and wind power generation and electric cars and trucks. But without safeguards, it will also open the door to destructive forestry practices and highly emitting biomass. MEPs should not let this pass until they can see the other green laws in the pipeline.”
Civil society is demanding that “nothing is agreed until all is agreed”, fearing that the Commission is trying to dilute the bad news across a number of legal measures rather than putting them to MEPs all at once. This is the first of three Delegated Acts that will list which activities can be marketed to investors as green.
MEPs should withhold their approval until the Commission says whether fossil gas power plants should be labeled sustainable – a decision delayed until a later Delegated Act. The Parliament should also wait for Commission proposals to revise key pieces of legislation that the taxonomy is based on. In July, the Commission will propose amendments to the laws on renewable energy (RED) and land use to make the bloc “fit for a 55%” reduction in greenhouse gas emissions by 2030. Later in the year, new EU forest and biodiversity strategies will also be unveiled.
William Todts said: “The list is supposed to help combat climate change, but instead labels cargo ships burning bunker fuel and public buses running on fossil gas as green. A taxonomy that greenwashes the use of fossil gas will have no credibility in the eyes of consumers, civil society and investors. Parliament should suspend its approval until it can see the full picture.”
The Taxonomy Regulation determines which financial investments can be labeled environmentally sustainable. The actual list of environmentally sustainable activities is being drawn up by the Commission and is supposed to be based on recommendations by the expert group of NGOs, financial market companies and EU agencies. It must be approved by the European Parliament and governments before becoming law.
Costco members looking for a break on car prices can tap into a new Volvo deal this fall. Members can tap into limited-time manufacturer incentives through the Costco Auto Program, a year-round auto-buying service that secures prearranged low pricing. The latest: a Certified by Volvo Limited-Time Special launched this week.
Certified by Volvo vehicles are pre-owned Volvos that must pass a rigorous test with 170+ points, have less than 80,000 miles, and receive a detailed CARFAX Vehicle History Report. They come with roadside assistance, and EVs and plug-in hybrids also include an 8-year/100,000-mile battery warranty.
Until October 31, 2025, eligible Costco members can score an exclusive bonus when buying select Certified by Volvo vehicles from model years 2022 through 2025.5. Gold Star and Business Members get $1,000 off, and Executive Members get $1,250 off. The offer applies to hybrids, plug-in hybrids, and BEVs. What makes this deal sweet is that the Costco perk stacks with any other manufacturer incentives you qualify for.
Among the vehicles on the eligible list: The Volvo EX30, the EX90, the XC90*, the most requested premium midsize SUV among Costco members last year, and the Volvo C40 EV, which also topped requests in the premium electric compact SUV category.
Advertisement – scroll for more content
To cash in on the offer, Costco members must register online for a certificate, then bring it to a Volvo dealership where they present it at the time of purchase. Full details are on the Certified by Volvo Limited-Time Special page.
*CarsDirect links are trusted affiliate links
The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
FTC: We use income earning auto affiliate links.More.
The GV90 is set to arrive as the most luxurious Genesis vehicle to date. With its debut approaching, Genesis is showcasing the ultra-luxe SUV at its new flagship brand space.
Genesis opens new brand space based on the GV90
Although it’s not yet in production form, Genesis is still showcasing its stunning new full-size electric SUV. The Neolun concept, unveiled last March at the New York Auto Show, will soon arrive as the brand’s new flagship model.
When Genesis launches the GV90, expected in mid-2026, it will become the brand’s largest and most luxurious electric vehicle yet.
According to Genesis, the GV90 is “an ultra-luxe, state-of-the-art SUV” that will take the luxury brand to the next level. We’ve seen camouflaged prototypes out testing a few times, revealing advanced new features and luxury design elements, such as coach doors, adaptive air suspension, and more.
Advertisement – scroll for more content
The GV90, or Neolun concept (for now, at least), is the centerpiece of the company’s new “Night in Motion” space, which Genesis opened on Thursday.
The Genesis Neolun concept (Source: Hyundai Motor Group)
Based on the Neolun concept, the new exhibition is “the starting point of the Genesis brand’s spatial philosophy.” It’s designed to showcase the brand’s latest design and the beauty of Korean aesthetics.
Genesis is expected to launch the GV90 in mid-2026, but we could see an official debut before the end of the year.
We will learn prices, range, and other specs soon, but the GV90 is expected to debut on Hyundai’s new eM platform. Hyundai claimed the new platform will “provide 50% improvement in driving range” compared to current EVs. It will also offer advanced Level 3 autonomous driving features.
One thing is sure: The Genesis GV90 won’t be cheap. As its largest and most luxurious SUV, the GV90 is expected to start at around $100,000. Higher trim levels could reach upwards of $120,000 or more.
FTC: We use income earning auto affiliate links.More.
Ampion Renewable Energy has introduced a new way to expand community solar access – one that breaks barriers by crossing state lines.
The company just launched Synthetic Community Solar, a tool that lets developers extend the financial benefits of solar projects to subscribers in other states. That’s a big shift from the usual model, where subscribers need to live in the same utility territory as the solar farm. This new approach also helps low-income households save more on energy bills while giving developers a faster route to federal tax incentives.
Here’s how it works: When a solar farm is built in one state, Ampion works with utilities to transfer the financial benefits through solar credits to income-qualified households in another state. For example, a 2.5 MW project in Maine already provides Illinois subscribers with up to 20% savings on their electricity bills.
For developers, the timing is critical. The Inflation Reduction Act gives bonus tax credits, known as Category 4 Investment Tax Credits (ITCs), to projects that deliver at least half of the financial benefits to low-income households. Synthetic Community Solar makes it easier to meet those requirements, which in turn improves project economics and long-term site viability.
Advertisement – scroll for more content
This model is especially useful when a project is in an area where recruiting low-income subscribers is expensive or challenging. Instead of letting credits go unused, developers can cross state lines, making the project more financially sustainable while supporting households that need savings the most.
Ampion’s CEO and founder, Nate Owen, said the goal is to solve a geographic barrier that has historically limited community solar growth. By bridging programs across different states, the initiative supports the company’s aim to make renewable energy accessible “everywhere, for everyone.”
With the IRA’s major incentives set to expire, solutions like Synthetic Community Solar could help keep projects viable while spreading the financial benefits of clean energy further.
The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
FTC: We use income earning auto affiliate links.More.