In light of the war in Ukraine and the Commission’s plans to amend the Taxonomy Regulation, MEPs from almost all political groups have sent a letter to EU Commission President Ursula von der Leyen and Finance Commissioner Mairead McGuinness. In it, they demand that the delegated act on the taxonomy, which declares investments in gas […]
As the first dossier of the Fit for 55 package, the revision of the Market Stability Reserve (MSR) has cleared the hurdle of the parliamentary committee. On Tuesday, MEPs in the Committee on the Environment, Public Health and Food Safety (ENVI) Committee voted by a majority in favor of the report by Maltese Social Democrat […]
The European Union’s Economic and Financial Affairs Council (ECOFIN) largely agreed on the French Presidency’s compromise proposal, published last week (Europe.Table reported). To be sure, some member states still had unanswered questions and called for further analysis and impact assessments through the introduction of the CBAM. However, nearly all ministers or their representatives appeared eager […]
The war in Ukraine has led to severe distortions in the nickel market. On Tuesday, the price of a ton of the industrial metal rose by more than 50 percent to over $100,000 US at times. Trading on the London Commodity Exchange was then suspended – possibly for several days, the LME exchange said. Since […]
Last week, the French Presidency of the Council of the European Union presented a compromise proposal for the creation of a European Carbon Boundary Adjustment Mechanism (CBAM), which Contexte published on Monday. The dossier from the Fit for 55 package is considered one of the priorities of the French and President Emmanuel Macron, as it […]
The Green Deal has become a security policy task. That was the analysis nearly everyone agreed on in light of the war in Ukraine when Executive Vice President Frans Timmermans came to the Environment, Public Health and Food Safety (ENVI) Committee to exchange views Monday. “The only way not to be pressured because you are […]
For energy companies, it’s good news at a time when there is little such news. The CO2 price in the European Emissions Trading System (ETS) has crashed in recent days. While it stood at around €95 per ton of CO2 in the middle of last week, by Thursday, it had fallen to around €66. With […]
An ECJ opinion backs Deutsche Umwelthilfe in its fight against potentially banned defeat devices in cars. The responsible Advocate General at the European Court of Justice, Athanasios Rantos, argued on Thursday that a recognized environmental organization may challenge an administrative decision in court that may violate the ban on defeat devices. The opinion is not […]
The war in Ukraine and international sanctions against Russia are likely to cause new dislocations in industry value chains. “We will see an impact on energy prices and supply chains, including for raw materials,” Commission Vice President Valdis Dombrovskis said yesterday after a video conference of EU finance ministers. The EU Commission said it was […]
Since the start of the war in Ukraine, the CO2 price in the European Emissions Trading Scheme (ETS) has crashed. While it stood at around €95 per ton of CO2 in the middle of last week, by Wednesday it had fallen to around €67.Florian Rothenberg, emissions trading analyst at ICIS, has no doubt that the […]