Parliament is concerned about China’s export restrictions on key raw materials and the impact on the EU economy. On 4 April 2025, China imposed export restrictions on seven rare earth elements and magnets used in the defence, energy and automotive sectors in response to increased US tariffs on Chinese products. Under the new rules, exporters […]
EU Climate Law presents a new way to reach 2040
The European Commission has proposed on 2 July an amendment to the EU Climate Legislation, setting an EU climate target for 2040 of a 90% reduction in net greenhouse gas (GHG) emissions compared to 1990 levels, as called for in the Commission’s policy guidelines for 2024-2029. It will provide certainty for investors, innovation, strengthen the […]
EU and OEACP reaffirm commitment to global sustainable development
The EU and the Organisation of African, Caribbean and Pacific States (OASECP) have issued a joint statement reaffirming their commitment to the United Nations 2030 Agenda and its Sustainable Development Goals (SDGs) for the 4th UN Conference on Financing for Development. In a declaration adopted last July 1 by the Council of the EU, the […]
Clean Industrial Pact must reconcile competitiveness and climate action
The Industrial Decarbonisation Bank and the Affordable Energy Action Plan are crucial for the competitiveness and resilience of European industry, says the EP. The resolution adopted by the plenary on Thursday is a response to the European Commission’s Clean Industrial Pact Plan. It stresses the need to combine climate action with industrial competitiveness. It also […]
EP calls for more coordinated and resilient European electricity grids
Parliament on Thursday put forward measures to modernise the EU’s electricity grid, make it more resilient, integrate renewables and speed up permitting. The text adopted by the plenary calls for the implementation of the European action plan for electricity grids and stresses the need for ambitious investment and substantial improvements in infrastructure, with the aim […]
Commission welcomes deal to simplify and strengthen carbon border adjustment mechanism
The European Commission welcomed the provisional political agreement reached between the European Parliament and the Council last June 18 on the Commission proposal to simplify and strengthen the EU’s carbon border adjustment mechanism (CBAM). On 26 February 2025, the Commission proposed simplifications to the CBAM regulation to reduce administrative burdens for businesses, while maintaining the functionality […]