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Europe Daily Bulletin No. 12755

6 July 2021
Contents Publication in full By article 18 / 32
EXTERNAL ACTION / Trade/climate
European Commission does not plan to exempt least developed countries from EU’s Carbon Border Adjustment Mechanism
Brussels, 05/07/2021 (Agence Europe)

The European Commission will present its proposal for a Carbon Border Adjustment Mechanism (CBAM) on Wednesday 14 July, as part of its package “Fit for 55”. EUROPE had access to a preparatory document of the pending regulation(see EUROPE B12733A9). 

According to an EU diplomat, the mechanism will apply to all companies, regardless of their country of origin. The European Parliament and several observers are calling for an exemption for the least developed countries. 

Ukraine, which is...

Contents

SECTORAL POLICIES
CLIMATE: Commission wants to target 310 million tonnes of CO2 equivalent absorbed by 2030, according to draft revision of ‘LULUCF’ regulation
CLIMATE: revision of EU Energy Efficiency Directive takes shape
ENVIRONMENT: polluter pays principle too often morphs into taxpayer pays principle, says European Court of Auditors
FOOD: European Commission and food industry launch Code of Conduct on Responsible Food Business
AGRICULTURE: new CAP, forests, organic farming, and future of rural areas on agenda of Slovenian Presidency of EU Council
FISHERIES: European Commission proposes to extend restrictions on access to EU waters for ten years
SPACE: space traffic management, US presence in a study commissioned by European Commission raises questions
COMPANIES: process of appointing EU’s SME Envoy is still not “finalised”, says European Commission 
CIVIL PROTECTION: EU helps Cyprus to fight forest fires
ECONOMY - FINANCE - BUSINESS
TAXATION: energy taxation, European Commission ready to end incentives to use fossil fuels
TAXATION: Pillar I of latest international tax reform will affect only 78 of world’s 500 largest companies, according to EconPol
BANKS: endowment of Single Resolution Fund expected to exceed €70 billion in 2024
STATE AID: in-depth investigation into EUR 190 million in aid granted by Romania in favour of TAROM
COMPETITION: European Commission opens in-depth investigation into proposed merger of Cargotec and Konecranes
ECONOMY: Bruno Le Maire advocates for a permanent debt system at European level
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
DEMOGRAPHY: MEPs still divided on position to be taken on ageing population
EXTERNAL ACTION
NEAR EAST: EU denounces latest Israeli demolitions in East Jerusalem
TRADE/CLIMATE: European Commission does not plan to exempt least developed countries from EU’s Carbon Border Adjustment Mechanism
INSTITUTIONAL
EEAS: High Representative announces 21 new directors and heads of delegation
NEWS BRIEFS
HOME AFFAIRS: public consultation on new firearms rules
HUMANITARIAN AID: EU mobilises €25 million in emergency aid for Afghanistan
WESTERN BALKANS: Berlin process, European Commission emphasises its commitment to region
BANKS: European Banking Authority’s revised guidelines on remuneration policies
CLIMATE/TRANSPORT: industry calls on European Commission to focus on renewable and sustainable fuels
CULTURE: 50 MEPs call for further territorial licensing of film rights
UNITED STATES: EU welcomes moratorium on federal executions
TAXATION: European Commission consults on how to better fight shell companies
GEORGIA: international community condemns violence
JUSTICE: European Public Prosecutor’s Office and OLAF sign working arrangement
MIGRATION: Commission calls on Member States to coordinate disembarkation of migrants rescued at sea
MIGRATION: European Commission to hold international refugee resettlement forum on 9 July
Kiosk
Kiosk: No. 041