ThinkTank logo Τα έγγραφα που συμβάλλουν στη διαμόρφωση νέας νομοθεσίας της ΕΕ
Αναρτήθηκε στις 30-10-2020

Coronavirus in the 'Disunited States of America'

30-10-2020

The potential of the ongoing pandemic to accelerate already existing or underlying trends has become particularly visible ahead of the Presidential election in the United States. The coronavirus crisis has boosted environmental factors that can increase radicalisation, while at the same time intensifying the spread of conspiracy theories that can have a similar effect. The accelerated 'truth decay' and the partisan polarisation of the debate about the handling of the continued surge in Covid 19 cases ...

The potential of the ongoing pandemic to accelerate already existing or underlying trends has become particularly visible ahead of the Presidential election in the United States. The coronavirus crisis has boosted environmental factors that can increase radicalisation, while at the same time intensifying the spread of conspiracy theories that can have a similar effect. The accelerated 'truth decay' and the partisan polarisation of the debate about the handling of the continued surge in Covid 19 cases and deaths will likely further undermine trust in institutions, while accelerated societal anxiety could increase the potential for post-election tension.

The coronavirus pandemic in Latin America

30-10-2020

Latin America is among the regions of the world worst affected by the Covid-19 pandemic, and its economies, employment and even human rights will suffer seriously. Governments, and regional and international organisations, including the EU, are making efforts to mitigate the consequences, but the results remain uncertain.

Latin America is among the regions of the world worst affected by the Covid-19 pandemic, and its economies, employment and even human rights will suffer seriously. Governments, and regional and international organisations, including the EU, are making efforts to mitigate the consequences, but the results remain uncertain.

Offshore wind energy in Europe

30-10-2020

Offshore wind is a highly promising renewable energy source (RES) that could make a major contribution to global and European efforts to decarbonise the economy by 2050 and keep global warming to around 1.5°C above pre-industrial levels, as set out in the Paris Climate Change Agreement. The European Commission expects the EU to produce at least 240 gigawatts (GW) of global offshore wind power capacity by 2050, while international organisations specialising in the energy field are even more optimistic ...

Offshore wind is a highly promising renewable energy source (RES) that could make a major contribution to global and European efforts to decarbonise the economy by 2050 and keep global warming to around 1.5°C above pre-industrial levels, as set out in the Paris Climate Change Agreement. The European Commission expects the EU to produce at least 240 gigawatts (GW) of global offshore wind power capacity by 2050, while international organisations specialising in the energy field are even more optimistic about the prospects of this energy source. Europe accounts for 80 % of global offshore wind capacity and is the dominant region in terms of technologies and manufacturing. Offshore wind accounts for 210 000 jobs in Europe (over half of all jobs in wind energy), and this number should increase further with greater investment. Wind is the only offshore RES that is currently deployable on a commercial scale and there is vast untapped potential in the world's oceans and seas, even if only some potential sites can be developed. Offshore wind has a higher capacity and more consistent output than other variable RES, with the International Energy Agency describing it as a unique 'variable baseload' technology that could help to integrate the decarbonised energy systems of the future. A major constraint on offshore wind has been the difficulty of building fixed constructions in depths greater than 60 metres. Floating bases for offshore wind turbines could then prove to be a game changing technology, allowing much wider exploitation of wind resources. Many of the leading projects for commercialising these floating technologies are based in Europe. Hybrid projects linking offshore wind to other uses – such as hydrogen production or battery storage – represent another important avenue for offshore wind to contribute more widely to our energy systems. The Commission is expected to adopt a new strategy for offshore RES in 2020, proposing further EU action to scale up deployment of offshore wind and invest in its underlying technologies. Some EU Member States have set their own indicative targets for offshore wind deployment by 2030, accompanied by a range of support schemes. The European Parliament has been supportive of offshore wind energy, in particular the potential for a North Sea offshore grid (energy hub).

Reforming asylum and migration management: A shift towards greater solidarity?

30-10-2020

In September 2020, the European Commission submitted a proposal on asylum and migration management, to replace the 2013 Dublin Regulation that determines the EU Member State responsible for examining asylum applications. While the proposal 'essentially preserves' the current criteria for determining this responsibility, it would also make changes and additions to the regulation, especially on solidarity and responsibility-sharing for asylum-seekers among Member States. The proposal comes after a ...

In September 2020, the European Commission submitted a proposal on asylum and migration management, to replace the 2013 Dublin Regulation that determines the EU Member State responsible for examining asylum applications. While the proposal 'essentially preserves' the current criteria for determining this responsibility, it would also make changes and additions to the regulation, especially on solidarity and responsibility-sharing for asylum-seekers among Member States. The proposal comes after a failed attempt to reform EU asylum policy following the 2015 migration crisis. While the migratory context has changed since, both in terms of arrivals and the composition of flows, the migration situation remains fragile, as evidenced by pressures on national asylum systems and continual disembarkations after search and rescue operations. According to the Commission, addressing this situation requires a relaunch of the reform of the common European asylum system to achieve a more efficient, fair and harmonised framework that is more resistant to future migratory pressures. The new system would ensure international protection to those who need it and be effective and humane towards those who have to be returned. First edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

The relaxation of bank capital and liquidity requirements in the wake of the coronavirus crisis

29-10-2020

EU banks entered the coronavirus crisis with high capital and liquidity buffers resulting from the reforms undertaken after the global financial crisis of 2007-2009. This allowed a bold and swift response by supervisors oriented towards supporting banks’ ability to provide credit to the real economy. This paper provides an overview and an assessment of the regulatory response to the crisis, and suggests some recommendations for the future design of countercyclical regulation.

EU banks entered the coronavirus crisis with high capital and liquidity buffers resulting from the reforms undertaken after the global financial crisis of 2007-2009. This allowed a bold and swift response by supervisors oriented towards supporting banks’ ability to provide credit to the real economy. This paper provides an overview and an assessment of the regulatory response to the crisis, and suggests some recommendations for the future design of countercyclical regulation.

Εξωτερικός συντάκτης

J.ABAD, R.REPULLO

Has the relaxation of capital and liquidity buffers worked in practice?

29-10-2020

We analyse the recent policy decisions made by the ECB and the national authorities related to capital, liquidity, and shareholders’ remuneration aimed at promoting credit supply from the banking sector to the coronavirus-afflicted economy. We forecast the impact of the regulatory decisions based on the empirical literature, discuss the factors that reduce the banks’ incentives to expand loan portfolios and develop policy suggestions intended to mitigate the effect of these factors.

We analyse the recent policy decisions made by the ECB and the national authorities related to capital, liquidity, and shareholders’ remuneration aimed at promoting credit supply from the banking sector to the coronavirus-afflicted economy. We forecast the impact of the regulatory decisions based on the empirical literature, discuss the factors that reduce the banks’ incentives to expand loan portfolios and develop policy suggestions intended to mitigate the effect of these factors.

Εξωτερικός συντάκτης

Alexandra MATYUNINA, Steven ONGENA

What are the wider supervisory implications of the Wirecard case?

29-10-2020

While multiple causes underpin accounting scandals such as Wirecard, they often point at deficiencies in the audit profession and its oversight. Currently, the system of national public audit oversight boards (POBSAs) is fragmented and overly complex, characterized by limited responsiveness to red flags, and apparent lack of communication among the POBSAs, and with other supervisors. This suggests supervisory coordination and clear action triggers are imperative. Importantly, pervasively low transparency ...

While multiple causes underpin accounting scandals such as Wirecard, they often point at deficiencies in the audit profession and its oversight. Currently, the system of national public audit oversight boards (POBSAs) is fragmented and overly complex, characterized by limited responsiveness to red flags, and apparent lack of communication among the POBSAs, and with other supervisors. This suggests supervisory coordination and clear action triggers are imperative. Importantly, pervasively low transparency limits the usefulness of this briefing and hinders evidence-based policy making.

Εξωτερικός συντάκτης

Beatriz GARCÍA OSMA, Ana GISBERT, Begoña NAVALLAS

Αναρτήθηκε στις 29-10-2020

Amazon deforestation and EU-Mercosur deal

29-10-2020

After coming to a political agreement on the trade pillar of the three-pronged EU-Mercosur association agreement in June 2019, the EU and the four founding members of Mercosur (Argentina, Brazil, Paraguay and Uruguay) reached agreement on the political dialogue and cooperation parts in July 2020. However, as environmental deregulation and deforestation continue unabated in Brazil, opposition to the deal is growing. It is unlikely to be submitted to the European Parliament for consent in its current ...

After coming to a political agreement on the trade pillar of the three-pronged EU-Mercosur association agreement in June 2019, the EU and the four founding members of Mercosur (Argentina, Brazil, Paraguay and Uruguay) reached agreement on the political dialogue and cooperation parts in July 2020. However, as environmental deregulation and deforestation continue unabated in Brazil, opposition to the deal is growing. It is unlikely to be submitted to the European Parliament for consent in its current form. A study of the trade pillar's provisions concludes that, taking the risk of deforestation into account, the deal's environmental costs are likely to exceed its economic gains. This raises doubts as to whether Brazil's compliance with its climate change commitments can realistically be achieved based on provisions devoid of an effective enforcement mechanism.

Limits on exposure to carcinogens and mutagens at work: Fourth proposal

29-10-2020

The European Commission has proposed to amend Directive 2004/37/EC, by expanding its scope and by including and/or revising occupational exposure limit values for a number of cancer- or mutation-causing chemical agents. The initiative is proceeding in steps and has now become a continuous process. Following on from three previous legislative amendments, which covered a total of 26 priority chemical agents, the present (fourth) proposal addresses an additional three. The proposal was announced as ...

The European Commission has proposed to amend Directive 2004/37/EC, by expanding its scope and by including and/or revising occupational exposure limit values for a number of cancer- or mutation-causing chemical agents. The initiative is proceeding in steps and has now become a continuous process. Following on from three previous legislative amendments, which covered a total of 26 priority chemical agents, the present (fourth) proposal addresses an additional three. The proposal was announced as one of the first measures of the Commission's commitment to fight cancer under the forthcoming Europe's Beating Cancer plan. Broad discussions with scientists and social partners fed into all four proposals. The Commission's feedback period on the proposal will run until 20 November 2020. While broadly welcoming the proposal, professional organisations, trade unions and patient groups would like carcinogenic and mutagenic hazardous medicines as well as substances toxic for reproduction to be brought within the scope of the current proposal. The legislative process is in its early stages. In Parliament, the Committee on Employment and Social Affairs is in charge of the file. The working party on social questions is dealing with it in the Council. First edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

The functioning of the Internal Market for Digital Services: responsibilities and duties of care of providers Challenges and opportunities

29-10-2020

The original full study reflects on responsibilities and duties of care of online intermediaries as set out in Directive 2000/31/EC (E-Commerce Directive, ECD) and gives recommendations for a possible future EU Digital Services Act.

The original full study reflects on responsibilities and duties of care of online intermediaries as set out in Directive 2000/31/EC (E-Commerce Directive, ECD) and gives recommendations for a possible future EU Digital Services Act.

Εξωτερικός συντάκτης

Prof. Dr Jan Bernd NORDEMANN.

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The Annual Rule of Law Report by the Commission and the Role of National Parliaments
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