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The IA is based on extensive internal and external research and modelling and covers a lot of ground relating to a variety of potential impacts, both in the main text and the annexes. It is also transparent with regard to the limitations and uncertainties of the analysis. While not all aspects could be assessed in depth, in the interest of proportionality, the IA considers the relevant impacts of the retained options, with a focus on the industrial sectors that were selected for coverage; it addresses ...

Anti-money-laundering package

Briefing 20-12-2021

The IA covers four Commission proposals on anti-money laundering and countering financing of terrorism. This legislative package includes major changes designed to strengthen and tackle shortcomings in the current regulatory framework, such as the creation of a new AML authority. This briefing analyses the strengths and weaknesses of the impact assessment accompanying the proposed revisions. The Commission consulted a wide range of stakeholders to support the initiative. The IA clearly defines the ...

The European Commission is proposing a new General Scheme of Preferences regulation to replace the current one that expires at the end of 2023. This initial appraisal of the Commission’s impact assessment (IA) on the proposal finds that the IA logically links the problems, their drivers, the objectives and the policy interventions under consideration. However, the IA remains evasive on the impacts of crucial aims of the regulation -- poverty eradication and advancing sustainable development and good ...

The IA analyses the nature and scale of the problem, which triggers the revision of the Effort Sharing Regulation. While subsidiarity is suffiicently addressed, the proportionality aspects of the revision are not addressed by the IA. One general and three specific objectives, clearly deriving from the problem, were set up. Three policy options were identified and analysed in detail. The options (and their sub-options) were compared in terms of their potential to achieve the specific objectives, in ...

This briefing provides an initial analysis of the strengths and weaknesses of the Commission’s impact assessment (IA) accompanying the above-mentioned proposal, submitted on 14 July 2021 and referred to the European Parliament’s Committee on Industry, Research and Energy (ITRE). The proposal for a recast Energy Efficiency Directive (EED) is part of the Commission’s ‘Fit for 55’ package that aims to adapt EU law to the new EU objective of a minimum 55 % reduction in greenhouse gas (GHG) emissions ...

The impact assessment (IA) accompanying Commission's ReFuelEU Aviation proposal provides a qualitative and quantitative analysis, which is based on sound and recent data. The IA presents clearly described policy options and openly explains uncertainties in the analysis. However, contrary to the Better Regulation Guidelines, the IA does not assess the impacts on SMEs. In addition, the assessment would have benefited of further clarification in the comparison of options, the scale of the defined problems ...

The IA undertakes a quantitative assessment of the economic, social and environmental impacts of strengthening the CO2 targets for cars and vans, using modelling tools with proven track record in supporting EU policy-making. It identifies and quantifies the costs and benefits of the combination of preferred options and qualitatively describes indirect costs and benefits. Despite the related considerable effort, the IA seems to define the problem at a rather aggregated level and does not provide further ...

The Commission is proposing a new directive to amend the 2018 directive on the promotion of energy from renewable sources. This initial appraisal of the Commission’s impact assessment on the proposal finds that the impact assessment draws a clear logic between the problems, their drivers, the objectives and the policy interventions under consideration. However, the the vast amount of work which must have gone into such an assessment is to some extent impaired by the inconsistent, unclear presentation ...

This briefing provides an initial analysis of the strengths and weaknesses of the European Commission’s impact assessment (IA) accompanying the above-mentioned proposal, submitted on 3 June 2021 and referred to the European Parliament’s Committee on Industry, Research and Energy (ITRE). The proposal seeks to amend Regulation (EU) No 910/2014 on electronic identification and trust services for electronic transactions in the internal market (the eIDAS Regulation) in order to better meet the new market ...

European green bond standard

Briefing 21-10-2021

The IA assesses elements to be added to the 2019 TEG report on a European Green Bond Standard (EU-GBS). The range of options is therefore limited to these additional aspects and does not cover the entire set of rules for green bonds. The IA is based on reliable internal and external research, international data and several stakeholder consultations. While the definition of the objectives could have been more specific, the problem analysis and the assessment of options are overall logical and thorough ...