Chapter News

02 Nov
Chapter News

OECD & IEA | Energy price surge underlines need to accelerate clean energy transitions rather than subsidise fossil fuels

Countries should resist raising government support for fossil fuels in response to the global surge in energy prices and the economic impacts of the pandemic, according to the OECD and IEA. Instead, given the existential threat of climate change and the need for a green recovery, they should accelerate investment in sustainable energy infrastructure and the creation of green jobs, as well as meeting the UN Sustainable Development Goals, in particular SDG 7, to ensure access to affordable, reliable, sustainable...

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01 Nov
Chapter News, Trade & TTIP Related

Questions and Answers: EU-US negotiations on trade on steel and aluminium

What is the Global Arrangement on Sustainable Steel and Aluminium? The arrangement is intended to facilitate the decarbonising of the steel and aluminium industries, as well as addressing the issue of overcapacity in these industries caused by non-market practices in some economies. The EU and US have agreed to start discussions on this Arrangement as soon as possible, and conclude them within two years. We want to make this Arrangement open to all like-minded economies. How will the Arrangement help achieve decarbonisation? Each...

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01 Nov
Chapter News, Trade & TTIP Related

Joint EU-US Statement on a Global Arrangement on Sustainable Steel and Aluminium

The United States and the EU have today taken joint steps to re-establish historical transatlantic trade flows in steel and aluminium and to strengthen their partnership and address shared challenges in the steel and aluminium sector. As a part of that partnership, they intend to negotiate for the first time, a global arrangement to address carbon intensity and global overcapacity. The European Union and the United States have a shared commitment to joint action and deepened cooperation in these sectors...

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01 Nov
Chapter News

EU Commission strengthens cybersecurity of wireless devices and products

Today, the Commission has taken action to improve the cybersecurity of wireless devices available on the European market. As mobile phones, smart watches, fitness trackers and wireless toys are more and more present in our everyday life, cyber threats pose a growing risk for every consumer. The delegated act to the Radio Equipment Directive adopted today aims to make sure that all wireless devices are safe before being sold on the EU market. This act lays down new legal requirements for...

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29 Oct
Chapter News

OECD | G20 economies are pricing more carbon emissions but stronger globally more coherent policy action is needed to meet climate goals

Almost half of all energy-related CO2 emissions in G20 economies are now covered by a carbon price, as several countries introduced or extended carbon taxes or emissions trading systems in the last few years. More needs to be done using the full range of policy tools, if countries are to match their long-term climate ambitions with outcomes, according to a new OECD report. Carbon Pricing in Times of COVID-19: What has changed in G20 economies? finds that G20 economies priced 49% of CO2 emissions...

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28 Oct
Chapter News

Europol | Cyber scams 2.0 – new tips to help boost your cyber skills

They say that everything happens for a reason. When it comes to cybercrime, this seems to be an accurate statement. Criminals will target individuals with a very specific reason in mind: steal their money and their personal data. In order to do so, they look for any weak points of entry that they can use to implement their scams and extortion plans. One of the solutions to this threat lies within the field of crime prevention – the more...

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27 Oct
Chapter News

Banking Package 2021: new EU rules to strengthen banks’ resilience and better prepare for the future

The European Commission has today adopted a review of EU banking rules (the Capital Requirements Regulation and the Capital Requirements Directive). These new rules will ensure that EU banks become more resilient to potential future economic shocks, while contributing to Europe's recovery from the COVID-19 pandemic and the transition to climate neutrality. Today's package finalises the implementation of the Basel III agreement in the EU. This agreement was reached by the EU and its G20 partners in the Basel Committee...

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27 Oct
Chapter News

State of the Energy Union 2021: Renewables overtake fossil fuels as the EU’s main power source

The Commission adopted today its State of the Energy Union Reports for 2021, taking stock of the progress that the EU is making in delivering the clean energy transition, nearly two years after the launch of the European Green Deal. While there are a number of encouraging trends, greater efforts will be required to reach the 2030 goal of cutting net emissions by at least 55% and achieving climate neutrality by 2050, and the data will need to be analysed...

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27 Oct
Chapter News

IMF | Joint Action Needed to Secure the Recovery

G20 should lead in sharing vaccine doses, helping developing countries financially, and committing to reaching net-zero carbon emissions by mid-century. When G20 leaders gather in Rome this weekend, they can take inspiration from the bold design of the meeting venue, known as La Nuvola. Just as the architect created a striking new space, global leaders must take bold action now to end the pandemic and create space for a more sustainable and inclusive economy. The good news is that the foundations for recovery remain strong,...

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26 Oct
Chapter News

IMF | Needed – A Global Approach to Data in the Digital Age

Global principles on data policy can help level the playing field while addressing financial stability and inclusion, competition, and privacy. Companies around the world are engaged in a digital data gold rush, panning the digital economy for our personal data, sifting flecks of it in online pools and streams of our preferences, choices, and locations. Data is the ultimate portable good, but moving it across borders requires countries to have coherent policies that build trust. Without global principles for managing...

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