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Europe Daily Bulletin No. 13112

2 February 2023
Contents Publication in full By article 28 / 36
NEWS BRIEFS / Energy
Entry into force of regulation on ‘market correction mechanism’

01/02/2023 (Agence Europe) – The EU Council Regulation providing for the possibility of capping gas prices in the EU through a ‘market correction mechanism’ (MCM) entered into force on Wednesday 1 February. Activation of the MCM will, however, only occur if the month-ahead derivatives price linked to the TTF - the virtual reference trading point for gas in the EU - exceeds €180/MWh for three working days and is €35 higher than a global reference price for liquefied natural gas...

Contents

A GREEN DEAL INDUSTRIAL PLAN
INDUSTRY: European Commission wants to create conditions for EU to compete in global race towards ‘net-zero’ economy
ECONOMY: European Commission counting on reorientation of existing instruments to finance the Green Deal Industrial Plan
STATE AID: European Commission proposes rules to encourage investment in green technologies that risk being relocated
TRADE: trade at heart of EU’s industrial strategy, says European Commission
EXTERNAL ACTION
UKRAINE: EU leaders in Kyiv to show EU commitment
UNITED KINGDOM: Northern Ireland Protocol, no agreement yet between European Commission and UK government
EUROPEAN PARLIAMENT PLENARY
MIGRATION: just several days before EU summit, MEPs divided on how to respond to rising migration flows
SECTORAL POLICIES
ENERGY: nine Member States urge European Commission to include low-carbon hydrogen in Renewable Energy Directive
DIGITAL: DSA, European Commission publishes list of guidelines to help online platforms and search engines comply
HEALTH: European Commission and OECD provide new tools to tackle cancer inequalities in Europe
INDUSTRY: left and centre of European Parliament want to push idea of European sovereignty fund even further
AGRICULTURE: Paolo De Castro’s report on geographical indications could be adopted on 25 April in European Parliament Committee
AGRICULTURE: large number of EU ministers are calling for labelling origin of honey
FISHERIES: NGO Oceana calls for “gradual phasing out” of most energy-intensive and destructive fishing techniques
TRANSPORT: rural areas, externality, MEPs discuss transport emissions pricing in European Parliament Committee
TRANSPORT: European Parliament’s Transport Committee adopts draft resolution on developing European cycling strategy
CIRCULAR ECONOMY: EU Regulation on Ecodesign for Sustainable Products, public consultation launched on priority product categories
ECONOMY - FINANCE - BUSINESS
BANKS: European Banking Authority unveils its methodology for 2023 ‘stress tests’
TAXATION: OECD publishes a manual on multilateral mutual agreement procedures linked to tax certainty agenda
ECONOMY: euro area inflation estimated at 8.5% in January
INSTITUTIONAL
BUDGET: MEPs debate second basket of new own resources for EU
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
MEDIA: European Media Freedom Act, a promising tool, if strengthened
NEWS BRIEFS
HUMANITARIAN AID: EU mobilises €43 million in emergency aid for vulnerable people in Myanmar and Bangladesh
CLIMATE: revision of ETS, Interinstitutional Agreement submitted to Member States for approval on 8 February
DEFENCE: General André Erich Denk becomes Deputy Chief Executive of EDA
HUMAN RIGHTS: Udo Bullmann nominated as S&D candidate for Chair of Parliament Sub-Committee on Human Rights
ENERGY: EU plans to sign joint declaration with US to strengthen their energy cooperation
ENERGY: entry into force of regulation on ‘market correction mechanism’
FINANCE: European Supervisory Authorities consult on system for exchange of information relevant to fit and proper assessments
TAXATION: María José Garde elected Chair of EU Council’s ‘Code of Conduct’ Group
MULTILINGUALISM: Sweden must do more to protect minority languages, says Council of Europe
CSDP: EUMAM Ukraine doubles its training target to 30,000 troops
HEALTH: no change in EU Council to European Commission’s proposal on medical devices
HEALTH: DURABLE laboratory network will strengthen European capacity to combat health threats
TRANSPORT: updating stability requirements for passenger ships, Interinstitutional Agreement approved in European Parliament Committee
TRANSPORT: sales of electric vehicles increased by 28% in EU in 2022