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Today, Member States backed the EU Budget (MFF) Performance Regulation, sending a positive signal for stronger climate and environmental spending, by defining a horizontal framework for how such spending is tracked and applying environmental safeguards across the budget.
A leaked copy of the European Commission’s legislative proposal for amendments to the Sustainable Finance Disclosure Regulation (SFDR) raises major concerns over the future of Europe’s green and transition financing.
Environment Ministers have agreed on a 2040 climate target: a 90% reduction in emissions in comparison to 1990. On paper, this might not sound too bad, but in reality, the reliance on international offsets up to 5% and the inclusion of an emergency break for carbon sinks could reduce the actual domestic target to lower than 85%.
Despite growing political pressure to weaken EU sustainability rules, companies are successfully aligning their climate transition plans with regulatory standards, reveals WWF in a new report.
European leaders met to discuss the EU’s 2040 climate target but concluded without reaching a decision and passed the baton back to Environment Ministers.
EuroCommerce, the voice of European retail and wholesale, has today unveiled a set of legal recommendations aimed at reinforcing the enforcement of EU rules to ensure fair competition across the Single Market.
“The role of SME employers as creators of economic prosperity, quality jobs, and social cohesion must be fully and better recognised”, stated SMEunited President Petri Salminen at the Tripartite Social Summit.
