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Europe Daily Bulletin No. 13155

4 April 2023
Contents Publication in full By article 16 / 32
ECONOMY - FINANCE - BUSINESS / Finance/energy
‘anti-volatility’ mechanism linked to gas price cap will apply from 1 May
Brussels, 03/04/2023 (Agence Europe)

The extension of the ‘market correction mechanism’ (MCM) capping gas prices to other derivatives linked to virtual trading points (VTPs) in the European Union shall apply from Monday 1 May, according to the legislative proposal unveiled by the European Commission on Friday 31 March. 

The EU institution thus suggests capping prices on VTPs, which are non-physical trading exchanges that serve as a trading platform for gas deliveries. The MCM will apply to any derivative instrument...

Contents

SECTORAL POLICIES
INTERNAL MARKET: Swedish Presidency of EU Council suggests restricting scope of future Single Market Emergency Instrument
CIRCULAR ECONOMY: Ecodesign/Sustainable Products Regulation, competitiveness as a compass and Swedish Presidency of EU Council’s attempt at a compromise
ENERGY: security of supply and accelerating energy transition as priorities of EU-US Energy Council
ENERGY: 2022 saw significant changes in crude oil imports and prices, according to Eurostat
DIGITAL: ‘AI Act’, MEPs fine-tune their position ahead of a vote in European Parliament committees on 26 April
HOME AFFAIRS: Schengen Borders Code reform vote in European Parliament Committee on Civil Liberties now expected on 26 April
HEALTH: fees to European Medicines Agency have been adjusted for inflation
AGRICULTURE: rising imports of Ukrainian agricultural products continue to worry five EU countries
FISHERIES: French fishermen obtain from European Commission maintenance of bottom fishing in marine protected areas
TRANSPORT: end of combustion engines in 2035, European Commission is not ready to open door to biofuels, despite Italy’s expectations
CLIMATE: European Commission consults on a 2040 climate target
RESEARCH: European Commission increases funding for innovation in civil security and renewable energy
SECURITY - DEFENCE
NATO: Finland’s membership of Alliance, Ukraine, defence investments and China on agenda of foreign ministers meeting
ECONOMY - FINANCE - BUSINESS
TAXATION: Rasmus Andresen wants to extend scope of Directive on Administrative Cooperation
TAXATION: solidarity contribution could distort investment, says European Parliament study
FINANCE/ENERGY: ‘anti-volatility’ mechanism linked to gas price cap will apply from 1 May
COMPETITION: European Commission opens in-depth investigation into proposed joint venture between Orange and MasMovil
STATE AID: €450 million Italian aid scheme to support renewable hydrogen production gets green light
EDUCATION - CULTURE
EDUCATION: towards a strengthening of EU Youth Dialogues?
CULTURE: Member States devise future measures to assist cultural sector faced with rising energy prices
INSTITUTIONAL
EP2024: European Greens renew their support for Spitzenkandidaten process
NEWS BRIEFS
HUMANITARIAN AID: EU mobilises €9 million in emergency aid for vulnerable Burundians
STATE AID: European Commission approves €25 million Greek aid for apple and chestnut sectors
STATE AID: €30 million Italian aid scheme approved for bus companies in context of war in Ukraine
COHESION: Cohesion Fund celebrates 30th anniversary
TRADE: next meeting of EU-US Trade and Technology Council will be held on 30-31 May
EDUCATION: a new Erasmus+ project to combat antisemitism in Europe through education
ENERGY: CAN Europe presents recommendations to end fossil fuel subsidies
ENERGY: several environmental NGOs deplore targets of Renewable Energy Directive which put “protection of forests and biodiversity under pressure”
CSDP: Valentino Rinaldi, new EU Force Commander for EUNAVFOR MED IRINI
RESEARCH: forty-four high-risk, cutting-edge research projects will receive €167 million in EU funding
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