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The EU's effort-sharing legislation covers greenhouse gas (GHG) emissions in sectors not included in the EU emissions trading system. A wide range of sources – such as fuels used for road transport, energy used for heating and cooling in buildings, animal digestion and fertilisers used in agriculture, waste treatment, and small industries – account for these emissions. To cut the emissions in these sectors, the EU Effort-sharing Regulation (ESR) establishes collective and national binding targets ...

This briefing focuses on policy measures benefiting small and medium-sized enterprises (SMEs) that have been enshrined in the national recovery and resilience plans (NRRPs). Member States drew up their recovery plans in order to take advantage of the Next Generation EU (NGEU) recovery instrument and its Recovery and Resilience Facility (RRF), designed to support recovery from the pandemic while fostering the green and digital transitions. The RRF is structured around six pillars representing key ...

More than 3 years after the entry into application of the Geo-blocking Regulation (GBR) and more than 2 years after the publication of the Commission report on the first short-term review of the GBR, the European Parliament's Committee on the Internal Market and Consumer Protection (IMCO) decided to draft a report to establish the extent to which implementation of the GBR had contributed to the integration of the internal market and thereby to better deals for consumers and more opportunities for ...

Companies can play a key role in building a sustainable economy and society. At the same time, their global value chains can pose risks to human rights and the environment. A growing number of EU companies have taken initiatives to deploy due diligence processes, often using existing voluntary international standards on responsible business conduct. Some Member States have meanwhile started developing their own legal frameworks on corporate due diligence. To avoid fragmentation, and give businesses ...

The crypto-asset sector, while still relatively new, has already changed the world of payments and investment forever. The fast-changing, mobile nature of the sector and its growing market prominence poses challenges, however, for tax authorities, which are not always able to track the capital gains made from trading crypto-assets. On 8 December 2022, the European Commission proposed to set up a reporting framework which would require crypto-asset service providers to report transactions made by ...

The IA is underpinned by solid internal and external expertise and based on integrated modelling coherent with the interlinked European Green Deal and the REPowerEU initiatives. It is transparent on methods, builds on specifically updated assumptions and addresses potential uncertainties with two sensitivity analyses. Despite slight weaknesses in the definition of the problems and objectives, the intervention logic of the initiative is clear. The IA's annexes contain a lot of relevant information ...

The UK Withdrawal Negotiations raised awareness about the positive effects of European integration on regional development and cross-border cooperation in Ireland – and their vulnerability to Brexit. This At a glance note summarises the report explaining and evidencing the impact of Brexit – anticipated, actual and potential – in this unique case study. Its focus is on non-trade related matters, including administrative, environmental and cultural, particularly as managed at local and regional levels ...

This infographic provides an insight into the economic performance of Mexico compared to the EU, and looks at the trade dynamics between them. Mexico’s GDP per capita, unemployment rate, female labour force participation, and FDI have remained relatively stable since 2006, with slight increases, whereas remittances have increased more markedly. EU trade with Mexico has increased significantly since 2006, most notably trade in goods. This is dominated by trade in mechanical appliances and electrical ...

On 14 July 2021, the European Commission adopted the 'fit for 55' package with a view to adapting existing EU climate and energy legislation to meet the EU objective of a minimum 55 % reduction in greenhouse gas (GHG) emissions by 2030, as required under the European Climate Law. The 'fit for 55' package includes a recast of the Energy Efficiency Directive (EED), aligning its provisions to the -55 % GHG target. The current EED is designed to meet the existing goal of 32.5 % energy efficiency improvements ...

As part of the 'Fit for 55' package, the European Commission presented a legislative proposal to review the EU Emissions Trading System (ETS). The aim of the review is to align the EU ETS Directive with the EU targets set out in the European Climate Law. To this end, the amount of emission allowances would be reduced, fewer allowances would be allocated for free, and the ETS would be extended to maritime transport. A separate new emissions trading system would be established for fuel distribution ...