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Plenary round-up – January I 2024

Kort sammanfattning 19-01-2024

The first January 2024 plenary session opened with a statement by Parliament's President, Roberta Metsola, commemorating Jacques Delors, the former Commission President, who passed away on 27 December. The highlight of the session was the presentation by Prime Minister Alexander De Croo of the programme of activities of the Belgian Presidency of the Council. There was also a debate on the conclusions of the European Council meeting of 14-15 December 2023 and on the preparation of the special European ...

Any greening of monetary policy is likely to have at best a marginal effect on emissions given the very small spreads on the yields of green bonds and the cap on emissions inherent in the EU’s emissions trading system. Trying to limit the supply of capital to brown industries could backfire as these industries are those most in need of financing for capital-intensive decarbonisation. These arguments apply both to the tilting of investments under the corporate sector purchase programme (CSPP) towards ...

The Member States have drawn up their individual national recovery and resilience plans (NRRPs, or 'recovery plans') to benefit from the Next Generation EU (NGEU) recovery instrument and its main spending tool, the Recovery and Resilience Facility (RRF), and to emerge stronger from the COVID 19 crisis. To receive RRF funding, Member States must address at least a significant subset of the country-specific recommendations (CSRs) and foster the green and digital transitions, by achieving the milestones ...

European green bonds

Kort sammanfattning 27-09-2023

To support climate and environmental projects, the European Commission proposed a regulation on a European green bond standard in July 2021. This would establish an official EU standard for green bonds aligned with the EU taxonomy, based on a registration system and supervisory framework for external reviewers. A provisional political agreement reached between the Parliament and Council is scheduled for a vote during the October I plenary session.

The 2015 Paris Climate Agreement and the 2019 European Green Deal initiated a wave of EU policies and legislation to combat climate change and protect the environment. Achieving a green transition became a key driver of EU policies. While many pieces of legislation were being discussed or adopted, the COVID-19 pandemic and the Russian invasion of Ukraine moved the political focus to supply chain security and energy dependencies. Since then, achieving open European strategic autonomy for the EU economy ...

In a challenging environment marked by, among other issues, climate change and environmental degradation, the European economy is undergoing significant transformations. The green transition and the move towards sustainability, including the objective of achieving climate neutrality, are affecting how people live and work and changing skills requirements. Against this background, action is needed in the education and training sector to support the green transition and develop the sustainability competences ...

Question time: EU-Africa strategy

Kort sammanfattning 10-07-2023

During the July session, question time with the Commission will focus on the state of play of the EU-Africa strategy – notably in the context of the impacts of Russia’s war of aggression against Ukraine. The European Union (EU) and the African Union (AU) have converging interests in a number of areas, such as the fight against climate change and the promotion of sustainable, job-creating economic growth in Africa. However, they still have to find common ground on migration, security management, and ...

Ecodesign for sustainable products

Kort sammanfattning 05-07-2023

Ecodesign refers to the integration of environmental sustainability considerations into the characteristics of a product, and into processes throughout its value chain. On 30 March 2022, the European Commission put forward a proposal for a regulation establishing a framework for setting ecodesign requirements for sustainable products. The European Parliament is expected to vote on the report adopted by its Committee on the Environment, Public Health and Food Safety (ENVI) during the July plenary ...

This briefing has been prepared to support the parliamentary scrutiny of two delegated acts (DA) supplementing Regulation (EU) 2020/852 (‘Taxonomy Regulation’) as regards the establishment of a framework to facilitate sustainable investment: i) the Delegated Regulation establishing the technical screening criteria for determining the conditions under which an economic activity qualifies as contributing substantially to the sustainable use and protection of water and marine resources, to the transition ...

China, the United States, and the European Union are global rivals in areas covering trade, geopolitics, the military, economics, and technology. Economically, China's rise as a global player has disrupted the traditional dominance of the US and the EU. China's Belt and Road Initiative (BRI) seeks to expand the country’s economic influence by investing in infrastructure projects across many regions, challenging the economic interests of the US and the EU. For several years, US trade policy has aimed ...