European Commission

Germany faces certain recession if faltering Russian gas supplies stop completely, an industry body warned on Tuesday, and Italy said it would consider offering financial backing to help companies refill gas storage to avoid a deeper crisis in winter.
  • June 24, 2022
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International media has reported that Europe has started to use gas reserves which were originally meant for the peak of the winter season due this year.
  • June 21, 2022
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European Union countries are considering a one-year delay to the launch of a new European carbon market for buildings and transport, pushing back the start to 2027, as they seek a compromise on more ambitious climate policies, draft documents show.
  • June 19, 2022
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In an about-turn, the President of the European Commission, Ursula von der Leyen, acknowledged that the EU’s electricity market “does not work anymore” and needs to be adapted to the “new realities of dominant renewables.”
  • June 16, 2022
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Members of the European Union Parliament voted to adopt new rules regarding CO2 emissions performance standards from the Fit for 55 in 2030 package, including a proposal to reach zero-emission road mobility by 2035.
  • June 13, 2022
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