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Image header Agence Europe
Europe Daily Bulletin No. 13846
Contents Publication in full By article 7 / 18
EXTERNAL ACTION / Trade/climate

‘CBAM’ compensation - Pascal Canfin proposes a temporary decarbonisation fund extended to more sectors and allowing faster payments

On Thursday 9 April, Pascal Canfin (Renew Europe, French), the European Parliament’s rapporteur on the new decarbonisation fund designed to compensate exporting companies subject to the Carbon Border Adjustment Mechanism (CBAM), presented the three main focuses of his draft report to the press.

In December, the Commission proposed setting up a temporary fund for two years, endowed with €632 million, to be implemented from 2028 (see EUROPE B13775A10).

The fund is aimed at...

Contents

SECTORAL POLICIES
AGRICULTURE: EU Council of Ministers expected to ratify text on new genomic techniques on 21 April
PLANTS: Italy criticised by European Commission for failings in monitoring plant diseases
TRANSPORT: EU Ports Strategy - Cyprus Presidency of EU Council focuses on investment, interconnection and port security
ENERGY: European Commission confirms planned end to biofuels linked to deforestation by 2030
WAR IN MIDDLE EAST
LEBANON: EU calls for “urgent cessation” of hostilities
TRANSPORT: airport lobby warns of aviation fuel shortage within three weeks if Strait of Hormuz remains closed
EXTERNAL ACTION
TRADE/CLIMATE: ‘CBAM’ compensation - Pascal Canfin proposes a temporary decarbonisation fund extended to more sectors and allowing faster payments
SERBIA: criticised for its authoritarian tendencies, Belgrade could lose access to European enlargement funds 
RUSSIA: EU convinced that Russian Supreme Court’s designation of Memorial as an extremist organisation is politically motivated 
DEVELOPMENT: historic drop in official development assistance - European NGOs call on European decision-makers to react
ECONOMY - FINANCE - BUSINESS
FINANCES: European Central Bank supports proposed extension of ESMA’s powers
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
GENDER EQUALITY: Eurostat updates analysis of gender pay gap in the EU
NEWS BRIEFS
BUDGET: European Commission proposes entering a surplus of €2.1 billion into 2026 budget
TRADE: European Commission adopts provisional anti-dumping duties on imports of terephthalic acid from Korea and Mexico
ECONOMY: temporary suspension of EU fiscal rules “should not be taboo” if war in Middle East drags on, says Giorgia Meloni 
ENERGY: European Commission consults on evaluation of European agency ACER
ISRAEL: EU strongly condemns creation of 30 new Israeli settlements in West Bank, deemed “illegal” under international law
JUSTICE: ‘Podlimit’—European Public Prosecutor’s Office investigating nine Czech companies implicated in VAT fraud amounting to €113 million