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Image header Agence Europe
Europe Daily Bulletin No. 13651
Contents Publication in full By article 5 / 35
SECTORAL POLICIES / Environment

Green Finance Observatory rejects creation of European ‘nature credits’ market, on which European Commission is already working

In a document published on Monday 2 June, the Green Finance Observatory (GFO) identified four reasons to be concerned about the introduction of ‘nature credits’ in the EU. 

Based on a draft Commission ‘roadmap’ leaked at the end of May (see EUROPE B13648A5), the GFO is opposed to introducing the notion of profitability into biodiversity management. 

To close the €37 billion annual funding gap for biodiversity identified by the Commission, the GFO states that it would be...

Contents

BEACONS
BEACONS: Getting to know the extraordinary Albania better (1/2)
SECTORAL POLICIES
DIGITAL: with its future ‘International Digital Agenda’, European Commission is attempting to combine pragmatism with a renewed strategic autonomy
DIGITAL: Apple takes its case to CJEU to protest against interoperability rules of Digital Markets Act
CLIMATE: a 90-95% reduction in emissions by 2040 is achievable, according to European Scientific Advisory Board on Climate Change
ENVIRONMENT: Green Finance Observatory rejects creation of European ‘nature credits’ market, on which European Commission is already working
SEA: EU ratifies Treaty of High Seas to strengthen ocean protection
ENERGY: European Commission presents its guidance on anticipatory investments in electricity networks
ENERGY: no general risks to security of electricity supply in most of EU this summer
ENERGY: ENTSO-E presents its six-point Offshore Roadmap to support development of offshore renewable energies
HEALTH: Health Technology Assessment; European Commission launches new public consultation
CONSUMERS: EuroCommerce, BusinessEurope and BEUC urge European Commission to modernise its consumer protection arsenal
TRANSPORT: International Air Transport Association believes Europe needs to change its approach to sustainable fuels
SECURITY - DEFENCE
NATO: Baltic and Nordic countries support an increase in defence spending
Russian invasion of Ukraine
UKRAINE: EU and US coordinate on additional sanctions against Russia
TRANSPORT: MEPs expected to approve extension of agreement between European Union and Ukraine on carriage of goods by road
EXTERNAL ACTION
PHILIPPINES: EU and Manila announce establishment of security and defence dialogue
GEORGIA: EU denounces entry into force of Foreign Agents Registration Act
UNITED STATES: tariff escalations continue between EU and Washington despite ongoing negotiations
ECONOMY - FINANCE - BUSINESS
COMPETITION: fines totalling €329 million imposed on Delivery Hero and Glovo for cartel in food delivery market
COMPETITION: combat aircraft - green light for creation of defence joint venture between BAES, JAIEC and Leonardo
FINANCE: European Securities and Markets Authority calls on social media companies to counter unauthorised financial advertising
INSTITUTIONAL
POLAND: European leaders call on new President, Karol Nawrocki, to ensure Poland remains “strong, active and decisive force” for EU
FUTURE OF EU: Charlemagne Prize winner Ursula von der Leyen sets out her vision of an “independent Europe”
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
FUNDAMENTAL RIGHTS: recent legislative developments in Hungary of concern to EU Agency for Fundamental Rights, which sees a Europe-wide trend
SOCIAL AFFAIRS - EMPLOYMENT
EMPLOYMENT: workers’ rights in Europe at worst level in at least a decade, according to International Confederation of Labour
NEWS BRIEFS
AGRICULTURE: European Commission approves several new geographical indications
HUMANITARIAN AID: EU aid to Palestinians in Gaza is not being distributed by Gaza Humanitarian Foundation, says European Commission
ENERGY/HOUSING: European Commission publishes documents to help Member States draw up National Building Renovation Plans
COMPANIES: EFRAG invites comments on its draft amendment to disclosure of greenhouse gas emissions under IFRS
JUSTICE: European Public Prosecutor’s Office signs agreements with Ibero-American Association of Public Prosecutors and six Latin American countries to combat organised crime
DIGITAL/COMPETITION: application of digital rules in EU is not “linked to any other negotiations” underway, stresses Teresa Ribera
NATO: DIANA launches ten new challenges to identify next generation of deep, dual-use technologies
CSDP: EU and India conduct new joint naval exercise
RESEARCH: success of EU Startup and Scaleup Strategy will depend on completion of European single market, according to LERU
SUDAN: Hadja Lahbib condemns attacks on World Food Programme infrastructure in El Fasher