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Data from Rystad Energy also showed that coal power could remain the more competitive fuel source through 2025.

Rising gas cost could spell more coal use as spread narrows

By: EBR | Friday, June 17, 2022

Over the past several months the spread of so-called “clean-dark” and “clean-spark” prices have narrowed but still heavily favour coal usage for power plants, and the recent jump in gas prices threaten to once again widen the spread

The EIB is the sole implementer of investment windows dedicated to lending to sovereign and sub-sovereign entities, and will be competing with other public banks to access guarantees from the EU budget to support the private sector.

Shining light on the EU’s new development bank

By: EBR | Friday, June 17, 2022

The new development arm of the European Investment Bank is expected to be instrumental to the success of the EU’s Global Gateway project

The euro fell close to 1% against the dollar after the ECB statement but Italian yields eased to comfortably below 4%.

ECB pledges new crisis tool as EU debt crisis threatens comeback

By: EBR | Thursday, June 16, 2022

The European Central Bank promised fresh support for the bloc’s indebted southern rim on Wednesday (15 June), tempering a market rout that threatened a repeat of the debt crisis that almost brought down the single currency a decade ago

The survey confirms the large support for the EU’s response to the Russian aggression against Ukraine.

Eurobarometer: Europeans set defence and energy autonomy as key priorities for 2022

By: EBR | Thursday, June 16, 2022

A Eurobarometer released today shows that European citizens support massively a common security and defence policy and expect the EU to phase out its dependency on Russian sources of energy

"EU leaders exaggerated their unity at the start of this crisis".

Will Distrust Among EU Leaders Fail Ukraine?

By: EBR | Thursday, June 16, 2022

EU member states have no shared vision of how to deal with Russia as it continues its attack on Ukraine. Rushing to end the war at all costs could have devastating consequences for Kyiv and Europe

The resolution adopted by MEPs also requests that any new or amended delegated acts should be subject to a public consultation and impact assessments, as they could have significant economic, environmental and social impacts.

Taxonomy: MEPs object to Commission’s plan to include gas and nuclear activities

By: EBR | Wednesday, June 15, 2022

MEPs adopted an objection to the Commission’s proposal to include specific nuclear and gas energy activities in the list of environmentally sustainable economic activities covered by the so-called EU Taxonomy

«Borders are not for Russia. This country has no definite borders. They were uncomfortable in the post-WWII world, which had seemed to guarantee that borders are sacrosanct, but now they have broken the rules, and instead of feeling like criminals, they feel vindicated.»

Back to 1945

By: EBR | Tuesday, June 14, 2022

As EU leaders prepare for their next summit on 23-24 June, it is useful to list the uncomfortable truths we will not see in the draft conclusions

"She very consciously offered a down-to-earth style, combining honesty and modesty. She wanted to be a different type of politician compared to the usual brand of what was often perceived as the arrogance and high-handedness of “Wessi” politicians".

Empress Angela and Her Two Big Sins

By: EBR | Tuesday, June 14, 2022

Reflections on the former German Chancellor’s sense of her own record and responsibilities in dealing with Putin, Russia and Ukraine

Germany’s dependence on Chinese raw materials is increasingly attracting the government’s attention as it continues, together with the EU, to work at full speed on freeing itself from Russian economic dependence.

Burned by Russia, Germany seeks to lessen dependence on China

By: EBR | Wednesday, June 8, 2022

Germany’s dependence on Chinese raw materials is increasingly attracting the government’s attention as it continues, together with the EU, to work at full speed on freeing itself from Russian economic dependence

"After 10 years, since the European Commission proposed this directive, it is high time we break the glass ceiling," said Commission President Ursula von der Leyen in a statement.

EU sets better gender balance in European corporate boards

By: EBR | Wednesday, June 8, 2022

EU lawmakers on Tuesday (7 June) agreed on a continental target to establish better gender balance on the boards of companies in Europe

"Turkey should handle Sweden and Finland’s NATO applications in good faith".

Turkey: persistently further from EU values and standards

By: EBR | Wednesday, June 8, 2022

Without clear and significant progress on EU-related reforms, Parliament cannot envisage resuming accession negotiations with Turkey, warned MEPs on Tuesday

Outgoing UN climate change chief Patricia Espinosa told delegates it was "not acceptable to say that we are in challenging times".

Climate action must not be delayed by global crises, UN talks told

By: EBR | Tuesday, June 7, 2022

Negotiators from almost 200 countries met in Germany Monday (6 June) for climate talks tasked with reigniting momentum on tackling global warming, as Russia’s invasion of Ukraine overshadows the threat from rising emissions

"The balance of power in the EU would logically change, as would the strategies for the EU emancipation from the US. Unlike France, Poland and its friends attach utmost importance to the Atlantic relationship".

EU’s new borders

By: EBR | Tuesday, June 7, 2022

Russia’s invasion of Ukraine has turned into a World War III of sorts, one that will result in major changes, including new borders in Europe, after which we are not sure that France and Germany will remain the largest and most influential countries in our union

The conference will set the stage for a fresh round of major United Nations talks later this year in Egypt.

Climate talks test global resolve on warming

By: EBR | Monday, June 6, 2022

Negotiators from almost 200 countries will meet in Bonn Monday for climate talks tasked with reigniting momentum on tackling global warming, as Russia’s invasion of Ukraine overshadows the threat from rising emissions

The EU institutions are negotiating a proposal to boost the number of women on company boards.

EU urged to quickly adopt plan boosting gender equality on boards, as talks continue

By: EBR | Monday, June 6, 2022

EU lawmakers are working to strengthen the European Commission’s proposal to ensure that women fill 40% of non-executive board seats of listed companies, while campaigners call for a swift adoption of the text before the end of the French presidency of the EU Council

The EU had already reduced its emissions by 26% in 2019 and had achieved its 20% target before the COVID-19 pandemic lockdowns started to impact emission levels, the EEA said.

EU overshoots 2020 climate target, records 34% drop in emissions

By: EBR | Thursday, June 2, 2022

The European Union slashed greenhouse gas emissions 34% below 1990 levels by 2020, overshooting the bloc’s target of 20%, according to official data submitted on Tuesday (31 May) to the UNFCCC

European diplomats said Hungary was refusing to give the green light as it rejected putting the head of the Russian Orthodox Church Patriarch Kirill on the assets freeze and visa ban blacklist.

Hungary stalls EU sanctions over Russian patriarch blacklisting

By: EBR | Thursday, June 2, 2022

Hungary was holding up Wednesday (1 June) the approval of a new round of EU sanctions on Russia, including a ban on most oil imports, over opposition to blacklisting the Russian patriarch

“I think that the gas has to be in the seventh package but I’m a realist as well, I don’t think it will be there,” Estonian Prime Minister Kaja Kallas said on the second day of the summit in Brussels.

EU leaders downplay chances of rapid Russian gas ban

By: EBR | Wednesday, June 1, 2022

EU leaders played down the prospects of getting a ban on Russian gas in a next round of sanctions, after struggling to secure a watered-down embargo on Moscow’s key oil exports

"The Bundestag has insisted that the chancellery deliver heavy weapons—which it promised to do some time ago. The armament companies are ready to do so. But Scholz continues to block their delivery. Just as he blocks Ukraine’s ambitions to join the EU".

German Ambiguity Is Deciding Ukraine’s Future

By: EBR | Wednesday, June 1, 2022

Chancellor Scholz’s delay in sending heavy weapons to Ukraine is hurting Kyiv’s chances of preserving its sovereignty. It is also damaging Germany’s standing across Europe

It is in farming policy that climate spending is overstated the most – by almost €60 billion, according to ECA. Similarly, the climate contribution of spending in areas like rail transport, electricity and biomass tends to be overstated as well, the auditors said.

EU spending on climate action ‘overstated’ by €72 billion, auditors say

By: EBR | Tuesday, May 31, 2022

Spending on climate action in the EU’s 2014-2020 budget was “not as high as reported” in official documents

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EU Actually

Six EU countries demand revision of climate policy: ‘Ideological dogmatism harms our industry’

N. Peter KramerBy: N. Peter Kramer

Six European heads of government have called on Commission President Ursula von der Leyen to review the current EU climate policy.

Europe

EU agrees €90bn loan for Ukraine but without using Russian assets

EU agrees €90bn loan for Ukraine but without using Russian assets

European Union leaders have struck a late-night deal to lend Ukraine €90bn (£79bn; $105bn) over the next two years, after failing to agree on using frozen Russian assets.

Business

EU waters down plans to end new petrol and diesel car sales by 2035

EU waters down plans to end new petrol and diesel car sales by 2035

Current rules state that new vehicles sold from that date should be "zero emission", but carmakers, particularly in Germany, have lobbied heavily for concessions.

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