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"Preliminary findings from the IPCC raise the alarm on the extremely worrying state of our climate, highlighting that humanity is not currently equipped to deal with the escalating consequences of rising global temperatures."

Beyond the strategy review: the ECB must act on climate

By: EBR | Thursday, July 22, 2021

The European Central Bank (ECB)’s new monetary policy is a positive step, but it needs more ambition to tackle its climate problem

"To assume that the climate has been so badly damaged that it’s too late to “fix” it, or that sections of the public are in denial about the dangers of climate change, reinforces a kind of inevitability."

Europe’s Looming Unpredictable Autumn

By: EBR | Thursday, July 22, 2021

There will be no respite when European leaders return from a summer break punctuated by floods, cyber attacks, coronavirus, and challenges to the EU’s rule of law. All the more reason for them to explain to citizens what is at stake for Europe’s future

"Almost all Member States are undertaking reforms related to their justice systems, albeit with variations in scope, form and progress."

2021 Rule of Law

By: EBR | Wednesday, July 21, 2021

EU report shows positive developments in Member States but also points to serious concerns

“We believe that, as two organisations united by these shared values, the European Union and the International Olympic Committee are uniquely positioned to promote peace and understanding at a time when the world needs it most”.

EU wants its flag to fly at Tokyo Olympics opening ceremony

By: EBR | Tuesday, July 20, 2021

European Commissioner Margaritis Schinas and Slovenian Prime Minister Janez Jansa said they had asked athletes from Slovenia – currently holding the EU Council’s rotating presidency – to be allowed to bear the bloc’s starred flag

"Northern Europe is in danger of locking itself into a subsidy-dependent blue hydrogen system where all the risks sit with the governments and all the profits with oil and gas companies."

Europe’s hydrogen split: blue vs green and north vs south

By: EBR | Tuesday, July 20, 2021

The only element keeping blue hydrogen projects alive are subsidies and as green hydrogen declines in cost more government subsidies will be needed. This might be good for Shell and Exxon but is unlikely to be popular with voters

"The scale of the flood impact was gradually becoming clear in Germany, with damaged buildings being assessed, some of which will have to be demolished, and efforts under way to restore gas, electricity and telephone services."

Merkel sees ‘surreal’ wreckage as Europe flood death toll tops 180

By: EBR | Tuesday, July 20, 2021

Chancellor Angela Merkel said Sunday (18 July) that she was horrified by the “surreal” devastation in the flood-ravaged region of Germany, as the toll in western Europe reached at least 184 people dead with dozens still missing

"Last year’s recession has failed to inflict any significant damage on average household and corporate balance sheets in Europe."

This is how the 2020 recession affected Europe’s public and private sectors

By: EBR | Tuesday, July 20, 2021

One of the positive surprises about last year’s recession is how little damage it inflicted on average household and corporate balance sheets in Europe

“The EU is to be applauded for its level of ambition in these targets and for aspiring to be a pioneer on climate change – it certainly sets a strong template for other industrialised nations to follow.”

Climate-focused investors give warm welcome to EU masterplan

By: EBR | Friday, July 16, 2021

A European Union climate masterplan to raise the cost of pollution and eliminate emissions is a step towards a single carbon price that many investors striving to make companies more sustainable say can help to engineer deeper change

"The European Union has failed a crucial test of leadership on emissions reduction by continuing to promote the burning of forest wood for energy as a major component of its Renewable Energy Directive 2 proposal."

Europe fiddles while forests burn

By: EBR | Friday, July 16, 2021

The European Commission’s approach to using forest wood for energy could prove a faux pas ahead of the COP26 UN climate summit in November, a dangerous move which contradicts the findings of the EU executive’s own research department

"What a change from previous years when Donald Trump was in the White House. He had only scorn for Merkel—and for that matter, Germany."

The EU Angela Merkel Leaves Behind

By: EBR | Friday, July 16, 2021

Chancellor Merkel’s last official visit to the White House holds a special political significance. President Biden has placed human rights and rule of law at the top of his agenda, just as these values are under attack from within and outside Europe

"Transport and buildings – the main sectors falling under national targets – make up roughly 25% and 36% of EU emissions, respectively."

EU maps proposed share-out of emissions targets between countries

By: EBR | Thursday, July 15, 2021

The European Commission on Wednesday (14 July) proposed a template for sharing out the burden of cutting greenhouse gas emissions within the EU, setting out national targets that the 27 member states are certain to wrangle over

“We know our current fossil fuel economy has reached its limits,” European Commission President Ursula von der Leyen said as she unveiled the package.

EU unveils plan to cut emissions 55% by 2030, wave fossil fuels goodbye

By: EBR | Thursday, July 15, 2021

The European Commission tabled a root-and-branch review of the EU’s energy and climate laws on Wednesday (14 July), aiming to cut carbon emissions by 55% before the end of the decade and initiate a decisive break away from fossil fuels

“The situation we are in Europe is that we get 100% of our technologies from Shenzhen and California. This is not sustainable.”

Ideological debate over EU industrial strategy heats up

By: EBR | Thursday, July 15, 2021

An ideological debate over the future of Europe’s industrial strategy is heating up as the bloc reconsiders how best to achieve strategic independence from foreign suppliers in key economic areas

"The new EU Ethics Body would propose and advise on ethics rules for Commissioners, MEPs and staff of the participating institutions, before, during and in some cases after their term of office or employment."

Independent Ethics Body: improving transparency and integrity in EU institutions

By: EBR | Thursday, July 15, 2021

The new EU Ethics Body would be able to initiate investigations on possible conflicts of interest or “revolving door” cases for Commissioners, MEPs and staff

"The capacity of European forests to absorb CO2 “has been shrinking” over the years, warned EU climate chief Frans Timmermans as he presented the bloc’s 2030 climate goals in September last year."

EU plan puts spotlight on carbon sinks to tackle climate change

By: EBR | Tuesday, July 13, 2021

Europe will need to increase the amount of carbon stored by its forests and wetlands to meet a new, more ambitious target for carbon removals in Europe

“National governments are playing nice now as they vote on each other’s plans. We should expect much heavier scrutiny when it comes to member states requesting payouts.”

Recovery plans: When the game will toughen up

By: EBR | Tuesday, July 13, 2021

The recovery plans of 12 member states are expected to be adopted by EU finance ministers at a meeting on Tuesday. For now, the atmosphere is positive but things are expected to change when the first payment requests are made following the progress reports

"The European Green Deal is to play an important role in the region’s COVID-19 recovery."

What you need to know about the European Green Deal - and what comes next

By: EBR | Tuesday, July 13, 2021

Nearly two years after the European Commission launched the European Green Deal in December 2019, the EU’s landscape has changed greatly, with the COVID-19 pandemic causing a contraction of the bloc’s GDP by 6.1% in 2020

“The biggest user of Hydrogen in 2050 is the transport sector,” said Deloitte’s Johannes Truby, one of the authors of the report, who predicted that Europe’s total hydrogen demand is likely to be above 100 million tonnes by mid-century.

Europe could save €2 trillion by 2050 with low-carbon hydrogen, says report

By: EBR | Monday, July 12, 2021

A new report by Deloitte says massive cost savings can be achieved on the way towards climate neutrality if gas is given a more prominent role

"The EU’s climate target of a 55% emissions reduction by 2030 should be considered the bare minimum if we are to keep on track to fulfil the Paris Agreement goal of keeping the global temperature rise within 1.5 Celsius by 2050."

Balance climate ambition with recovery efforts so that East can meet West

By: EBR | Friday, July 9, 2021

The Visegrad capital cities can help lead the region towards meeting the EU’s climate ambitions and in halting a growing East/West divide

"The impact of coronavirus lockdowns on the energy industry led carbon emissions to plummet by 6% on the year before, the sharpest decline since 1945, according to BP’s annual review of the energy sector."

Global wind and solar power capacity grew at record rate in 2020

By: EBR | Friday, July 9, 2021

BP’s annual report reveals renewable energy boom in pandemic coincided with slump in demand for oil

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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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