During yesterday’s European Council, EU leaders met to discuss the new energy shock hitting Europe, with some of them looking towards deregulation measures and major changes to the EU Emissions Trading System (ETS) as possible solutions.
Today’s long-awaited Industrial Accelerator Act presented by the European Commission shows a first step to support the EU’s industrial transformation.
The EU Council has adopted a directive amending the requirements for measuring instruments sold and placed on the single market, setting common standards for electric chargers and gas dispensers.
Wrapping and straps used to secure goods on pallets during transport will not have to meet the EU’s 100% reuse requirement under EU packaging legislation, following EU adoption of a Delegated Act.
The EU Council has given the final green light to a simplification of the sustainability reporting and due diligence requirements for companies, as part of its ‘Omnibus’ red tape cutting package.
The European Commission is proposing to suspend, for one year, most favoured nation import duties for several key nitrogen fertilisers and inputs for their production (ammonia, urea).
Fully excluding new fossil fuel projects from the revised Sustainable Finance Disclosure Regulation (SFDR) is critical to achieving the EU’s climate commitments, safeguarding the integrity of the framework, and strengthening investor confidence, warn 133 organisations and experts in a new multi-stakeholder letter.
