The EU has been a global pioneer in the transition to decarbonize its economy and its immediate neighbors (EUN), namely, Albania, Bosnia and Herzegovina, Kosovo,  Moldova, Montenegro, North Macedonia, Serbia, and Türkiye, which are heavily integrated with and reliant on the bloc through economic, financial and FDI and technology channels are likely to be significantly affected by such a transition. More immediately, the question whether the EU’s carbon border adjustment (CBAM)—an import tax on carbon intensive imports—will affect its...

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November 28, the Commission is taking another step to make the EU's energy system fit for the future by adopting the first list of Projects of Common Interest (PCIs) and Projects of Mutual Interest (PMIs) that is fully in line with the European Green Deal. These key cross-border infrastructure projects will help the EU reach its ambitious energy and climate goals. The projects will benefit from streamlined permitting and regulatory procedures, and become eligible for EU financial support from...

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The Commission welcomes the provisional agreement reached last night between the European Parliament and the Council strengthening the current provisions for emissions from industry and large intensive rearing farms. The updated law will help guide industrial investments necessary for Europe's transformation towards a cleaner, carbon neutral, more circular and competitive economy by 2050. It will spur innovation, reward frontrunners, and help level the playing field on the EU market and increase long-term investment certainty for industry.  New measures for a less...

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