Archive for the ‘European Union’ Category

EU countries approve 2035 phaseout of CO2-emitting cars – Reuters.com

BRUSSELS, March 28 (Reuters) - European Union countries gave final approval on Tuesday to a landmark law to end sales of new CO2-emitting cars in 2035, after Germany won an exemption for cars running on e-fuels.

The approval from EU countries' energy ministers means Europe's main climate policy for cars can now enter into force - after weeks of delay caused by last-minute opposition from Germany.

The EU law will require all new cars sold to have zero CO2 emissions from 2035, and 55% lower CO2 emissions from 2030, versus 2021 levels. The targets are designed to drive the rapid decarbonisation of new car fleets in Europe.

The European Commission has pledged, however, to create a legal route for sales of new cars that only run on e-fuels to continue after 2035, after Germany demanded this exemption.

The EU policy had been expected to make it impossible to sell combustion engine cars in the EU from 2035. But the exemption won by Germany offers a potential lifeline to traditional vehicles - although e-fuels are not yet produced at scale.

German transport minister Volker Wissing said the agreement would "open up important options for the population towards climate-neutral and affordable mobility".

"The direction of travel is clear: in 2035, new cars and vans must have zero emissions," EU climate policy chief Frans Timmermans said.

E-fuels are considered carbon neutral because they are made using captured CO2 emissions - which proponents say balances out the CO2 released when the fuel is combusted in an engine.

The Commission will, in autumn 2023, propose how sales of e-fuel-only cars can continue after 2035. Such cars will have to use technology to prevent them from starting when filled with petrol or diesel.

Poland voted against the law, while Italy, Bulgaria and Romania abstained.

Transport accounts for nearly a quarter of EU emissions.

Porsche and Ferrari are among the supporters of e-fuels, which they see as a way to avoid their vehicles being weighed down by heavy batteries.

Other carmakers including Volkswagen, Mercedes-Benz and Ford are betting on battery-electric vehicles to decarbonise.

Germany's late intervention, after EU countries and lawmakers had already agreed the 2035 phaseout last year, irked some EU diplomats, and stoked concerns that governments may try to block other carefully-negotiated deals on climate policies.

"As a matter of principle, we don't like this approach. We think it is not fair," Spanish energy minister Teresa Ribera said of the late pushback, adding that current assessments suggest e-fuels were too expensive to become widely used.

EU energy ministers also agreed on Tuesday to extend a voluntary target to curb their gas use by 15% for 12 months, to help prepare for next winter with scarce Russian gas.

Some EU officials expected ministers to tackle a dispute over whether nuclear energy should count towards EU renewable energy targets - a question that has split countries and is threatening to delay the EU's main renewables policy.

Reporting by Kate Abnett; additional reporting by Friederike Heine, Editing by Angus MacSwan and Mark Potter

Our Standards: The Thomson Reuters Trust Principles.

See the rest here:
EU countries approve 2035 phaseout of CO2-emitting cars - Reuters.com

Inflation In The European Union – Barron’s

Source: Eurostat

Inflation in the European Union

Euro zone (20 countries)

Luxembourg

Source: Eurostat

Inflation in the European Union

Euro zone (20 countries)

Luxembourg

Spain

Advertisement - Scroll to Continue

Greece

France

Germany

Advertisement - Scroll to Continue

Italy

Poland

Latvia

Advertisement - Scroll to Continue

Hungary

European Union (27 countries)

Monthly change in the Harmonised Index of Consumer Prices, year-on-year change in %.

Advertisement - Scroll to Continue

8.5

Jan.

2020

Advertisement - Scroll to Continue

Jan.

2010

Jan.

2001

4.8

6

6.5

30

40

7.3

9.3

9.8

17.2

Jan.

2020

Jan.

2010

Jan.

2001

20.1

Jan.

2020

Jan.

2010

Jan.

2001

25.8

Jan.

2020

Jan.

2010

Jan.

2001

Feb. 2023

9.9

Jan.

2020

Jan.

2010

Jan.

Originally posted here:
Inflation In The European Union - Barron's

EU backs retaliation against economic coercion – Reuters

BRUSSELS, March 28 (Reuters) - The European Union has agreed to allow retaliation against countries that put undue economic pressure on EU members to change their policies, such as the trade restrictions the bloc says China has imposed on Lithuania.

Representatives of the European Parliament and the Council, the grouping of EU countries, reached a provisional deal on the anti-coercion instrument (ACI) early on Tuesday.

The proposal is designed to counter a spillover of geopolitical tensions into trade. An EU report on the ACI referred to the administration of former U.S. President Donald Trump, China and Turkey using trade as a political tool.

A prominent recent case involves Chinese trade practices against Lithuania, after the latter allowed Taiwan to set up a de facto embassy there. The EU says Beijing imposed blocks on Lithuanian exports and pressured companies to remove Lithuanian content from supply chains when exporting to China.

The EU is challenging China at the World Trade Organization (WTO) over the issue, but WTO cases typically take well over a year to resolve. Beijing has said accusations that it is targeting Lithuania are "pure fabrication".

Bernd Lange, overseeing the matter in the European Parliament, said it was possible the new counter-measures proposal would be applied in the Lithuania case and for possible retaliation by Beijing after the Netherlands decided to limit semiconductor technology exports to China.

Under the ACI, EU governments would vote on whether a third country's economic measure amounted to coercion.

If dialogue failed, the bloc could impose restrictions, such as higher import tariffs or limited access to EU public tenders. The entire process would take up to one year, although the threat of retaliation is designed to serve as a deterrent.

"Sometimes it's necessary to put a gun on the table, even knowing that is not used day-by-day. This instrument is a last resort," Lange said.

The legislation should take effect in the second half of 2023 and is envisaged more to apply to new instances of economic coercion, rather than existing cases.

Some EU countries had been sceptical about the measure over concerns it could be protectionist and spark trade wars.

The EU would take action if a "qualified majority" of countries supported doing so, unlike sanctions for which individual EU governments have veto power.

Reporting by Philip BlenkinsopEditing by Bernadette Baum and Mark Potter

Our Standards: The Thomson Reuters Trust Principles.

Read the original:
EU backs retaliation against economic coercion - Reuters

World Water Day: European Union and Eastern Partner countries … – euneighbourseast.eu

On 22 March, World Water Day was celebrated around the world.

To mark the occasion, the UN Water Conference was held in New York, highlighting commitments by countries to tackle water-related issues and setting a clear agenda for the second half of the Water Decade (2018-2028) and beyond. Delegates from Armenia, Azerbaijan, Georgia, Moldova, and Ukraine were also present throughout the conference.

In addition, the following series of videos produced with the support of EU4Environments Water and Data programme were released in these countries, highlighting how important it is to protect rivers, lakes and all aquatic ecosystems:

The Ukrainian population suffering from the impacts of war has made all of us realise that safe access to drinking water is one of the most crucial human rights.

The example of Armenian farmers switching to more ecological practices shows that it is possible to grow food by respecting the soils and rivers.

The Khojasan Lake in Azerbaijan reminds us that there is only one health: that of humans, animals and ecosystems together.

The inhabitants of river basins in Georgia highlight the need to bring local stakeholders into the discussion and make them part of the water policy development, as well as part of its successful implementation.

The cooperation between the Republic of Moldova, Romania and Ukraine on the Prut river basin is necessary to tackle severe water quality problems, a decline in biodiversity and the impacts of climate change, such as increasingly frequent floods and droughts.

Find out more

Press release

Original post:
World Water Day: European Union and Eastern Partner countries ... - euneighbourseast.eu

Venezuela and European Union discussed issues of bilateral interest – Prensa Latina

This was announced on his Twitter account by the Minister of Foreign Affairs of the Bolivarian Republic, Yvn Gil, at the end of a dialogue with Enrique Mora, secretary of the EU Foreign Service.

We talked about proposals in different areas of cooperation and a new relationship dynamic between Venezuela and the community bloc, said the diplomat.

The meeting took place at the Antonio Jos de Sucre Yellow House, where the European representative presented cooperation proposals in various areas, such as economics and energy, for the benefit of the peoples, the Foreign Ministry noted.

Venezuela has always ratified its willingness to dialogue, through the Bolivarian Peace Diplomacy, with the EU, despite the hostility of some of the countries that make up this mechanism, aligned with the interests of the United States and its actions against the nation and the Bolivarian government, he affirmed.

Gil held a cordial meeting on February 17 with the heads of Missions of the European Union accredited in Caracas, an opportunity for frank dialogue in order to rebuild mutual relations within the framework of respect for international law, self-determination and cooperation, he noted in a tweet.

ef/jcm/jcd

Read more here:
Venezuela and European Union discussed issues of bilateral interest - Prensa Latina