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The public sector loan facility (PSLF) is the third pillar of the Just Transition Mechanism (JTM), along with the Just Transition Fund and just transition scheme under Invest EU. The facility consists of a grant and a loan component. With the contribution of €1.525 billion for the grant component from the Union budget (including assigned revenues) and EIB lending of €10 billion from its own resources, the aim is for the public sector loan facility to mobilise between €25 and 30 billion in public ...

In December 2019 the European Commission published a communication on the Green Deal, in which it outlined its priorities to transform the EU into a resource-efficient and competitive economy and to meet the EU's climate commitments. Subsequently, in line with the Green Deal, the European Climate Law was adopted in July 2021, setting in law the EU target for 2030 of reducing greenhouse gas emissions by at least 55 % compared with 1990 levels. To deliver the targets agreed in the European Climate ...

The 2021 United Nations Climate Change Conference of Parties, also known as COP26, held in Glasgow, made limited progress on measures to reduce emissions of greenhouse gases. Leaders and government officials did agree on plans to limit deforestation and emissions of methane, one of the gases responsible for global warming, but they made little headway on curbing CO2 discharges. Notably, the leaders of China and Russia did not attend. Before the conference, scientists, analysts and many politicians ...

The level playing-field (LPF) provisions of the Trade and Cooperation Agreement (TCA) between the European Union (EU) and the United Kingdom (UK) constitute a key part of the agreement, and are the product of some of the more challenging issues in the negotiations. The LPF provisions seek to safeguard fair competition between the parties. A notable component are the rules on social provisions, labour, environment and climate change, often referred to as the 'trade and sustainable development' (TSD ...

The EU's binding climate and energy legislation for 2030 requires Member States to adopt national energy and climate plans (NECPs) covering the period 2021 to 2030. In October 2020, the European Commission published an assessment for each NECP. Sweden submitted its NECP in January 2020. A high proportion of Swedes (76%) expect national governments to tackle climate change. Sweden accounts for 1.4 % of total EU greenhouse gas (GHG) emissions and has reduced its emissions at a slightly faster pace ...

The EU's binding climate and energy legislation for 2030 requires Member States to adopt national energy and climate plans (NECPs) for the 2021-2030 period. In October 2020, the European Commission published an assessment of each NECP. Poland's final NECP is from December 2019. A high proportion of Poles (62 %) expect national governments to tackle climate change. The country generates 10.5 % of the EU's total greenhouse gas (GHG) emissions. Emissions were stable over the 2005-2019 period, with only ...

According to statistics published by the Internal Displacement Monitoring Centre, since 2008 over 318 million people around the world have been forcibly displaced by floods, windstorms, earthquakes or droughts, 30.7 million in 2020 alone. This is equivalent to one person being displaced every second. Depending on the frequency and scale of the major natural disasters occurring, there are significant fluctuations in the total number of displaced people from one year to the next, yet the trend over ...

The EU's binding climate and energy legislation for 2030 requires Member States to adopt national energy and climate plans (NECPs) covering the period 2021 to 2030. In October 2020, the European Commission published an assessment for each NECP. Hungary submitted its NECP in December 2019. A high proportion of Hungarians (60 %) expect national governments to tackle climate change. Hungary accounts for 1.7 % of total EU greenhouse gas (GHG) emissions and has reduced its emissions at a slower pace than ...

The EU's binding climate and energy legislation for 2030 requires Member States to adopt national energy and climate plans (NECPs) covering the period 2021 to 2030. In October 2020, the European Commission published an assessment for each NECP. Malta's final NECP is from December 2019. A high proportion of Maltese people (75 %) expect national governments to tackle climate change. Malta, which generates less than 0.1 % of the EU-27's total greenhouse gas (GHG) emissions, has reduced its emissions ...

In July 2021, the European Central Bank (ECB), the central bank of the 19 European Union countries that have adopted the euro, completed its first monetary policy strategic review for 18 years. The key change, after 18 months of consultation, was a new interpretation of price stability (the ECB's primary objective) as a symmetric inflation rate of 2 % over the medium term. The aim of this year's review was to adapt monetary policy and central banking to broader macroeconomic trends, such as digitalisation ...