Europe Carbon Border Adjustment Mechanism On September 29, the European Council adopted a regulation to simplify the Carbon Border Adjustment Mechanism (CBAM) as part of the Omnibus I legislative package. The reform is designed to ease administrative burdens and reduce compliance costs, particularly for SMEs, while preserving CBAM’s climate ambition, which continues to cover approximately 99% of embedded emissions in imported goods. Notable changes include a new de minimis threshold that exempts importers from CBAM obligations for up to 50 tons annually, streamlining requirements for...

IPTI’s usual monthly newsletter - the “President’s Message” - contains, inter alia, some summarised news articles from around the world. This IPTI publication - “Property Tax in the News” - contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a particular interest. Links to these and more, similarly summarised, articles - from North America, Europe and around the globe - can be found in...

• EIB Board adopts second phase of pioneering Climate Bank Roadmap, focusing on competitiveness, security and lower energy prices for companies and families. • Plan includes doubling of investment for climate change adaptation, along with radically simplified procedures. • Decision consolidates EIB Group’s role as the Climate Bank and reaffirms commitment to staying the course as anchor financier of the green industrial revolution. The European Investment Bank (EIB) Group is pressing ahead with phase two of its pioneering Climate Bank Roadmap, staying...

Tackling climate change remains one of the defining challenges of our times, here in Europe, as well as all around the world. Substantial investment is needed for the European Union to lead the ongoing technological transition towards a more efficient and competitive economy, to reduce dependency on fossil fuels and ensure security and strategic autonomy, and to adapt to the increasingly costly impact of rising temperatures and extreme weather events. Green investment is the smartest decision we can make for...

The drumbeat of new tariffs continues. President Trump has announced a 25% tariff on imported medium- and heavy-duty trucks, effective November 1, 2025. This comes after a federal investigation into truck imports and is designed to protect U.S. manufacturers such as PACCAR, the parent company of Peterbilt and Kenworth, and Ford. Most U.S. truck imports come from Mexico, which exports nearly all its heavy-duty trucks to the U.S. While USMCA allows tariff-free trade for vehicles meeting local content rules, non-qualifying...

The securitized data-center market is entering a critical phase, with maturity schedules and note rates signaling both opportunity and refinancing risk amidst heavy borrower demand. Nearly $6.5 billion in CMBS loans come due between 2026 and 2028, led by a $3.7 billion tranche maturing in 2027 at a median note rate of 9.31%—mostly floating-rate debt that was originated at a much lower original coupon. That figure stands out against the 5.86% median for 2026 maturities and 6.53% for 2028,...