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Interchange fees for consumer cards have decreased, bringing smaller charges for card payments and lower prices for consumers.

Europeans save up to €2 billion thanks to caps on bank cards fees

By: EBR | Friday, July 3, 2020

Bank cards fees for European merchants and consumers have decreased over the past years thanks to the new EU rules, generating savings of up to €2 billion annually, according to a European Commission report published this week

The Just Transition Fund must recognise housing as a cornerstone of the green transition, argue two leading MEPs and civil society leaders.

Housing’s role in Europe’s green transition

By: EBR | Friday, July 3, 2020

What investment could be wiser than one that protects the most vulnerable and contributes to climate change mitigation by decreasing our energy consumption?

The EFSI allows the EIB Group to finance operations that are riskier than its average investments. Often, EFSI-backed projects are highly innovative, undertaken by small companies without a credit history, or they pool smaller infrastructure needs by sector and geography.

Investment Plan for Europe exceeds €500 billion investment target ahead of time

By: EBR | Thursday, July 2, 2020

The European Commission and the European Investment Bank (EIB) Group have delivered on their pledge to mobilise €500 billion in investment under the Investment Plan for Europe

Pascal Canfin is a French MEP for the centrist Renew Europe group in the European Parliament, where he chairs the assembly’s environment committee (ENVI).

Pascal Canfin: On gas and nuclear, EU must apply green finance taxonomy

By: EBR | Thursday, July 2, 2020

Whether in the European recovery plan or the just transition fund, Pascal Canfin says he is in favour of applying the EU sustainable finance taxonomy, which allows drawing a line between gas projects that merit public funding and those that don’t

Hydrogen from electrolysers is a 3-in-one energy carrier delivering three solutions to three important emergency energy transition problems.

The energy transition, electricity prices and hydrogen

By: EBR | Thursday, July 2, 2020

EU institutions are failing to see the bigger picture with respect to the energy transition, failing to identify looming problems and have adopting a piecemeal approach which is wholly unsuited to the climate emergency and the very urgent need to rapidly decarbonise

The EU recovery fund and long-term budget must start reaching European businesses and citizens as soon as possible if they are to help the economy absorb the legacy of months of dramatically restricted activity.

EUROCHAMBRES appeal to German EU Presidency and to the Brexit negotiators : put the economy first!

By: N. Peter Kramer | Wednesday, July 1, 2020

The association of European Chambers of Commerce & Industry, EUROCHAMBRES, has underlined the need to place the economic recovery at the core of the German Presidency of the EU Council in the second half year of 2020

"As the EU’s sixth-largest economy, Poland was in a strong position to exert influence in the bloc. It played a substantial role when it came to energy policy and relations with Russia. "

Poland’s Retreat From Europe

By: EBR | Wednesday, July 1, 2020

The inconclusive first round of Poland’s presidential election showed a Polish leader and government undoing the gains of joining the European Union. The EU can take some of the blame

"Almost 10 years of war have meant that half of the Syrian population have had to flee their homes. Over half a million people have died. An entire generation of Syrian children has only known war..."

Syrian crisis: EU mobilises an overall pledge of €6.9 billion for 2020 and beyond

By: EBR | Wednesday, July 1, 2020

At the fourth Brussels Conference on “Supporting the future of Syria and the Region”, the international community pledged a total of €6.9 billion for Syria and the main countries hosting Syrian refugees for 2020 and beyond

"The first step the European Commission can take is to continue to ensure industry recovery measures are aligned with Green Deal zero-emission mobility ambitions and to build on the unique regulatory momentum that the pandemic created for cities."

Why post-Covid stimulus plans must make travel more sustainable

By: EBR | Wednesday, July 1, 2020

Stimulus plans should make mobility more sustainable, and electrifying shared rides can help, writes Maya Ben Dror

"Too much has been written about what went wrong, and what could’ve or should’ve been better and different. Going into recess, the Parliament, EU Council and the Commission need to be thinking about their game plan for the next nine months as it will impact the rest of their tenure and the EU project."

2020 is perfect vision - but the year has so far been a shortsighted blur

By: EBR | Tuesday, June 30, 2020

As the machinery of the EU winds down for the summer, it’s important to reflect. The coronavirus pandemic has ripped apart everything we knew and took for granted

"COVID-19 is hitting European consumers in the pocket. Many have lost their jobs or have seen a reduction in their income and are wondering how they will be able to pay their rent or mortgage at the end of the month."

COVID-19 means tackling energy poverty is more urgent than ever

By: EBR | Friday, June 26, 2020

The COVID-19 crisis is hitting European consumers in the pocket, causing rising unemployment and falling income for those who have kept their jobs. Spending more time at home as a result of lockdown measures could make matters worse for energy bills, warns Monique Goyens

Natural gas produces about half as much CO2 as coal when burned in power plants, but gas production is associated with leaks of methane, a potent greenhouse gas. Climate campaigners say new gas plants could stand for decades, threatening the EU’s aim to cut its net emissions to zero by 2050.

EU ministers exclude nuclear, fossil gas from green transition fund

By: EBR | Friday, June 26, 2020

European Union countries agreed on Wednesday (24 June) that the bloc’s flagship fund to wean regions off fossil fuels should not finance nuclear or natural gas projects, despite calls from some Eastern countries for gas to be eligible for EU funding

"The proposed introduction of Next Generation EU and its €750 billion budget is essential, but with only €55 billion directly allocated to supporting the green transition, we have our concerns."

Next Generation EU? Then it’s time to listen to youth

By: EBR | Friday, June 26, 2020

The recovery plan from the COVID-19 crisis must be in line with climate commitments, ensure no-one is left behind in the green transition, and create space for the voice of youth, write young climate activists

Two key parts of the Corona recovery plan specifically deserve closer inspection. The Recovery and Resilience Facility will help countries invest in their economies while preventing a repeat of the sovereign debt crisis we lived through following the 2008 financial crisis.

Staying on course during the storm – EU tools for a sustainable future

By: EBR | Thursday, June 25, 2020

The proposed EU recovery plan aims to keep our economies afloat, but it is vital not to lose sight of the journey towards a more sustainable economy, write Sirpa Pietikainen, Bas Eickhout and Paul Tang

The strategy sets a number of actions for the next five years, focusing on two objectives: first, to empower victims to report crime, claim compensation and ultimately recover from consequences of crime; second, to work together with all relevant actors for victims’ rights.

Victims’ Rights: New Strategy to empower victims

By: EBR | Wednesday, June 24, 2020

The European Commission presented today its first ever EU Strategy on victims’ rights

"Geological surveys suggest that considerable quantities of hydrocarbons have yet been discovered in the eastern Mediterranean basin."

Why the EU should care about one gas dispute in the Eastern Mediterranean

By: EBR | Wednesday, June 24, 2020

The EU has the duty to play the responsible adult and intervene in facilitating an agreement between Israel and Cyprus to enable the development of the major Aphrodite natural gas field, writes Dr Rony Halman

Giles Merritt warns against the protectionist downside of European governments’ economic rescue bids, and urges the EU to seize the vacant WTO leadership in a bid to save free trade.

The EU must think twice before triggering a global trade war

By: EBR | Tuesday, June 23, 2020

The consensus amongst media commentators around the world is that unless we all resist protectionism we’ll be throwing away the key to post-corona recovery

Member states are at odds on many points. They not only haggled over how the money of the recovery fund was parcelled out, there were also differences on the size of the recovery fund, the balance between grants and loans, the size of the MFF and the fate of so-called rebates that some counties get on their contributions.

Is consensus among Berlin, Paris and the Commission sufficient for an agreement in July?

By: N. Peter Kramer | Monday, June 22, 2020

Last Friday the 27 EU leaders had a four-and-a-half-hour virtual summit that exposed many serious divisions

Endorsement by the European Parliament follows the adoption of the text by the Council on 10 June 2020. Endorsement by the European Parliament marks the final step of the adoption process of the political agreement that co-legislators had reached on 17 December 2019.

Commission welcomes the adoption by the European Parliament of the Taxonomy Regulation

By: EBR | Friday, June 19, 2020

The European Commission has welcomed the adoption by the European Parliament of the Taxonomy Regulation – a key piece of legislation that will contribute to the European Green Deal

In order to support funding options in non-euro member states fighting the consequences of the COVID-19 pandemic, the MEPs reintroduced transitional arrangements for exposures to national governments and central banks denominated in a currency of another member state.

Easing rules to encourage banks to lend to companies and households

By: EBR | Friday, June 19, 2020

More flexibility in EU banks’ prudential rulebook to focus on lending to the COVID-19-stricken economy

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