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The aim of this study is to critically assess the proposed Green Deal’s growth, financing and regulatory challenges. The study discusses the need for extended Shared Socio-economic Pathways. It examines the key growth drivers of the Green Deal and the green investment gap, the optimal mix of taxation and command-and-control measures, trade and competition policy and the implications for macroprudential supervision. This document was provided by Policy Department A at the request of the Committee ...

Compilation of four briefings made up by European Parliament's external contractors to the attention of INTA Committee, on trade-related aspects of carbon border adjustment mechanisms.

This briefing discusses the possible reactions of the European Union’s larger trading partners to carbon border measures. Section 1 discusses experiences of carbon border adjustment-like regimes prior to the European Commission’s announcement of the Green Deal. It focuses on the EU Aviation Directive, the US policy debate, and the Californian CBA for electricity. Section 2 considers reactions to the Green Deal announcement, based on informal discussion with officials from major trading partners to ...

Environmental taxation is one way of encouraging a shift towards more eco-friendly choices; employed in combination with the other instruments available, it can help bring about the adjustments required to tackle the environmental and climate challenges facing us today. The aim of environmental taxation, in principle, is to factor environmental damage, or negative externalities, into prices in order to steer production and consumption choices in a more eco-friendly direction. Environmental taxation ...

The commissioner-designate, Kadri Simson, appeared before the European Parliament on 03 October 2019 to answer questions from MEPs’ in the Committees on Industry, Research and Energy. During the hearing, she made a number of commitments which are highlighted in this document. These commitments refer to her portfolio, as described in the mission letter sent to her by Ursula von der Leyen, President-elect of the European Commission, including: - Safe, secure and sustainable energy; - Empowering people ...

The commissioner-designate, Frans Timmermans, appeared before the European Parliament on 08 October 2019 to answer questions from MEPs in the Committee on the Environment, Public Health and Food Safety. During the hearing, he made a number of commitments which are highlighted in this document. These commitments refer to his portfolio, as described in the mission letter sent to him by Ursula von der Leyen, President-elect of the European Commission, including "A European Green Deal" and a "Climate ...

The commissioner-designate, Paolo Gentiloni, appeared before the European Parliament on 03 October 2019 to answer questions from MEPs in the Committees on Economic and Monetary Affairs and on Budgets. During the hearing, he made a number of commitments which are highlighted in this document. These commitments refer to his portfolio, as described in the mission letter sent to him by Ursula von der Leyen, President-elect of the European Commission and include economic and financial affairs, fair and ...

This publication aims to provide a general overview of the system that ensures the financing of the EU budget as well as of the debate on its possible overhaul within the current legal framework. The document does not take into account possibilities which require modification of the EU Treaties.

Europeans use about 100 billion plastic carrier bags every year. Some of these are dropped as litter, ending up in the environment, where long-lasting plastics accumulate and harm wildlife. Most EU Member States have initiatives to curb the use of plastic bags. A proposed EU Directive aims to encourage and enable action by all Member States to reduce the use of lightweight plastic carrier bags.

Oil prices have increased considerably over the past years at global level, while natural gas and other energy prices have seen differing developments in each world region. The present report examines the level of impact of high oil prices on European energy prices and analyses the underlying mechanisms. Policy options to reduce this impact are discussed.