Chapter News

19 Nov
Chapter News

Boosting Offshore Renewable Energy for a Climate Neutral Europe

To help meet the EU's goal of climate neutrality by 2050, the European Commission today presents the EU Strategy on Offshore Renewable Energy. The Strategy proposes to increase Europe's offshore wind capacity from its current level of 12 GW to at least 60 GW by 2030 and to 300 GW by 2050. The Commission aims to complement this with 40 GW of ocean energy and other emerging technologies such as floating wind and solar by 2050. This ambitious growth will be based on the vast potential across all...

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19 Nov
Chapter News

European Commission needs to scale up antitrust and merger control to fit a more globalised world

The European Commission, the enforcer of EU competition rules, has generally made good use of its powers in antitrust proceedings and merger control, and addressed competition concerns with its decisions. But according to a new report by the European Court of Auditors (ECA) published today, it has not yet fully addressed the complex new enforcement challenges in digital markets, the ever-increasing amount of data to be analysed or the limitations of existing enforcement tools. The auditors also found that...

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18 Nov
Chapter News

REACT-EU: additional support of €47.5 billion agreed to address impact of COVID-19

Eligible expenses as of 1 February 2020, with projects selected for support up to the end of 2023 Civil society, regional and local authorities involved EP introduces stronger focus on those hit hardest by the crisis EU institutions reached a provisional agreement on deploying additional EU resources and measures to mitigate the immediate effects of the COVID-19 crisis. On 18 November, European Parliament and Council concluded negotiations on providing assistance to foster crisis repair in response to the COVID-19 pandemic...

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18 Nov
Chapter News

European Semester Autumn Package: Supporting a sustainable and inclusive recovery amid high uncertainty

The European Commission today presented its autumn economic policy package, including the Opinions on euro area Draft Budgetary Plans (DBPs) for 2021 and policy recommendations for the euro area. This is the second step in the 2021 European Semester cycle, which started in September with the publication of the Annual Sustainable Growth Strategy (ASGS) with the concept of competitive sustainability at its heart. The ASGS also provided strategic guidance for Member States in drafting their Recovery and Resilience Plans and set...

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17 Nov
Chapter News, COVID-19 News

Coronavirus: EU Commission approves contract with CureVac to ensure access to a potential vaccine

Today, the European Commission approved a fifth contract with the European pharmaceutical company CureVac, which provides for the initial purchase of 225 million doses on behalf of all EU Member States, plus an option to request up to a further 180 million doses, to be supplied once a vaccine has proven to be safe and effective against COVID-19. Today's contract with CureVac enlarges the already broad portfolio of vaccines to be produced in Europe, including the contracts signed with AstraZeneca, Sanofi-GSK, Janssen Pharmaceutica...

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17 Nov
Chapter News, COVID-19 News

EU Commission disburses €14 billion under SURE to nine Member States

The European Commission has disbursed €14 billion to nine EU countries in the second installment of financial support to Member States under the SURE instrument. As part of today's operations, Croatia has received €510 million, Cyprus €250 million, Greece €2 billion, Italy an additional €6.5 billion, Latvia €120 million, Lithuania €300 million, Malta €120 million, Slovenia €200 million and Spain an additional €4 billion. This support, in the form of loans granted on favourable terms, will assist these Member States...

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17 Nov
Chapter News

ECB | The euro area financial sector in the pandemic crisis

Keynote speech by Luis de Guindos, Vice-President of the ECB, at the 23rd EURO FINANCE WEEK | Frankfurt am Main, 16 November 2020 I am honoured to open the 23rd Euro Finance Week. My remarks today will focus on two main issues. First, I will provide an overview of the current economic situation in the euro area, and focus on how the pandemic has amplified existing vulnerabilities in the financial system. And second, I will highlight the important role that financial...

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16 Nov
Chapter News, Trade & TTIP Related

EU Commission launches new complaints system to fight trade barriers and violations of sustainable trade commitments

The European Commission has today launched a new complaints system for reporting market access barriers and breaches of Trade and Sustainable Development commitments in the EU's trade agreements and under the Generalised Scheme of Preferences. The new complaints system reflects the Commission's increased efforts to strengthen the enforcement and implementation of trade agreements. It follows the Commission's appointment in July of its first Chief Trade Enforcement Officer (CTEO) to oversee its tougher action on enforcing trade policy, as well as the Commission's...

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16 Nov
Chapter News, COVID-19 News

New Consumer Agenda: European Commission to empower consumers to become the driver of transition

Today, the European Commission launched the New Consumer Agenda to empower European consumers to play an active role in the green and digital transitions. The Agenda also addresses how to increase consumer protection and resilience during and after the COVID-19 pandemic, which brought significant challenges affecting the daily lives of consumers. More concretely, the Agenda puts forward priorities and key action points to be taken in the next 5 years together with Member States at European and national levels. This will,...

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16 Nov
Chapter News

LIFE programme: over €280 million in EU funding for environment, nature and climate action projects

The European Commission has approved an investment package of more than €280 million from the EU budget for over 120 new LIFE programme projects. This EU funding will trigger total investments of nearly €590 million to help meet these projects' ambitious goals for environment, nature, and climate action. This amount represents a 37% rise compared to last year. The projects will help to achieve the European Green Deal objectives by supporting the EU Biodiversity Strategy and the Circular Economy Action Plan, contributing to the green recovery from the Coronavirus...

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