
4 days · 2 summary articles
EU proposes three-year methane penalty waiver after industry, gas exporters lobby
EU Commission proposes slower emissions cuts and new decarbonization bank to aid industry
The European Commission has proposed waiving penalties linked to the bloc's methane rules for three years, following months of lobbying from industry and major gas exporters. The much-anticipated recommendations come after pressure from the United States, Qatar, Algeria, and Nigeria, who warned that the rules could endanger the EU's security of supply. The Commission also published proposals on Friday to start applying carbon costs on some international flights, a move that has raised concerns from the United States. The U.S. Department of Transportation expressed deep concerns about the expansion of the EU's Emission Trading System.
In other developments, the European Innovation Council (EIC) is supporting hundreds of promising startups and SMEs, tackling some of society's biggest challenges. The EIC Service Catalogue is inviting more service providers to join their marketplace, connecting EIC-backed innovators with trusted organizations offering the expertise they need.
The EU Council has also defined what sectors are expected to receive funding for border and internal security at the next European budget. The council's negotiating position on the next multi-annual financial framework for 2028-2034 outlines support for national capitals to implement the recent EU pact on migration and asylum.
Meanwhile, the European Commission is betting that profit-hungry gas and oil companies will continue exporting into Europe next year, resisting calls by oil and gas firms to rewrite new climate laws. The Commission has also presented a reform of the EU's existing Emissions Trading System, which includes reducing the emissions cap by 3.7 percent annually from 2031-2035 and by a further 1.7 percent annually until 2040.
Environmental organizations have criticized the move as a concession to polluting industries. The Commission requires member states to invest half of their ETS 1 revenue into the decarbonization of the very industries that are required to pay the tax.
In other news, the Dutch Central Agency for the Reception of Asylum Seekers has filed a 184.7 million euro damages claim against entrepreneur René Derksen and his company LCHD. The claim is related to a previous partnership with the agency.
The European Commission is also investigating a major foreign investment by Chinese automaker BYD in Hungary, following the appointment of a former foreign minister to a position at the company.
The article ends with the news that the European Commission is finalizing negotiations with the Trump administration to conclude an Enhanced Border Security Partnership Framework Agreement, which has raised concerns about travel surveillance and fundamental rights.
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