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Publicat la 30-03-2020

Carbon emissions pricing: Some points of reference

30-03-2020

The need to do more to mitigate climate change resulting from emissions of greenhouse gases (GHGs), in particular in terms of pricing, is widely accepted. Several countries around the globe are either planning to implement or have introduced carbon-emission pricing measures (i.e. taxing or internalising negative externalities), with varying scope (upstream, downstream), coverage (sector exclusions) and boundaries (subnational or national areas). The objective is to reduce emissions in line with medium-term ...

The need to do more to mitigate climate change resulting from emissions of greenhouse gases (GHGs), in particular in terms of pricing, is widely accepted. Several countries around the globe are either planning to implement or have introduced carbon-emission pricing measures (i.e. taxing or internalising negative externalities), with varying scope (upstream, downstream), coverage (sector exclusions) and boundaries (subnational or national areas). The objective is to reduce emissions in line with medium-term climate change mitigation pathways. There are broadly two approaches: the emissions trading system (cap and trade) and carbon taxing. The existing measures are assessed regularly so as to be made more effective as regards emission reductions. The number of jurisdictions having adopted or intending to adopt carbon pricing has increased but still remains limited, in particular as regards the level of emissions covered. One concern is to address 'carbon leakage', a term that describes shifts in economic activities and/or changes in investment configurations, directly or indirectly causing GHG emissions to be moved away from a jurisdiction with GHG constraints to another jurisdiction with fewer or no GHG constraints. Measures addressing carbon leakage have complementary objectives and outcomes that need to be addressed in their design. They address competitiveness and trade concerns, while their central raison d’être is climate change mitigation. They are now at the top of the EU agenda.

Charles Michel as President of the European Council: The first 100+ days

30-03-2020

On 1 December 2019, Charles Michel, previously prime minister of Belgium, became the third President of the European Council. He began his term in dynamic mode, aiming to make his mark in foreign affairs and develop the EU's interinstitutional relations. While pursuing his predecessors' efforts to secure unity between EU leaders, Michel has applied his own style, visible notably in his discourse, social media presence and transparency efforts. An analysis of the President's Twitter activities shows ...

On 1 December 2019, Charles Michel, previously prime minister of Belgium, became the third President of the European Council. He began his term in dynamic mode, aiming to make his mark in foreign affairs and develop the EU's interinstitutional relations. While pursuing his predecessors' efforts to secure unity between EU leaders, Michel has applied his own style, visible notably in his discourse, social media presence and transparency efforts. An analysis of the President's Twitter activities shows his strong focus on EU-Africa relations, climate and, most recently, COVID-19.

Outcome of European Council video-conference of 26 March 2020

30-03-2020

On 26 March, EU Heads of State or Government continued their joint coordination efforts to address the COVID-19 outbreak and held a six hour long video conference on this subject, but failed to agree on the adequate financing instruments to help countries in fiscal difficulty due to the crisis, The President of the European Parliament President, David Sassoli, strongly criticised the results of the European Council and ‘the short-sightedness and selfishness of some governments’.EU leaders asked the ...

On 26 March, EU Heads of State or Government continued their joint coordination efforts to address the COVID-19 outbreak and held a six hour long video conference on this subject, but failed to agree on the adequate financing instruments to help countries in fiscal difficulty due to the crisis, The President of the European Parliament President, David Sassoli, strongly criticised the results of the European Council and ‘the short-sightedness and selfishness of some governments’.EU leaders asked the President of the Commission and the President of the European Council to start working on a Roadmap accompanied by an Action Plan to prepare an exit strategy and a comprehensive recovery plan, including unprecedented investment.

The economy and coronavirus - Weekly Picks - 30/03/2020

30-03-2020

This paper provides a summary of some recent analyses of the macroeconomic effects of the coronavirus and some policy recommendations made in the public domain to mitigate these negative effects.

This paper provides a summary of some recent analyses of the macroeconomic effects of the coronavirus and some policy recommendations made in the public domain to mitigate these negative effects.

Regular Update on EUEA level to mitigate the economic and social effects of coronavirus - 30/03/2020

30-03-2020

This document compiles information, obtained from public sources, on the measures proposed and taken at the EU or Euro Area level to mitigate the economic and social effects of Covid19. It will be regularly updated, following new developments.

This document compiles information, obtained from public sources, on the measures proposed and taken at the EU or Euro Area level to mitigate the economic and social effects of Covid19. It will be regularly updated, following new developments.

Publicat la 27-03-2020

The impact of coronavirus on Schengen borders

27-03-2020

The 26 countries of the Schengen Area are only meant to reintroduce border controls between themselves in specific circumstances, and for strictly limited periods of time. In recent weeks, many of the Schengen states have reintroduced border controls, notifying them to the European Commission on the grounds of an immediate threat to public policy as a result of the spread of coronavirus. This infographic shows the latest situation in respect of border controls put in place at internal borders within ...

The 26 countries of the Schengen Area are only meant to reintroduce border controls between themselves in specific circumstances, and for strictly limited periods of time. In recent weeks, many of the Schengen states have reintroduced border controls, notifying them to the European Commission on the grounds of an immediate threat to public policy as a result of the spread of coronavirus. This infographic shows the latest situation in respect of border controls put in place at internal borders within the Schengen Area.

The ‘general escape clause’ within the Stability and Growth Pact: Fiscal flexibility for severe economic shocks

27-03-2020

An important element of the response to the COVID-19 pandemic will come from European Union (EU) Member States in the form of fiscal intervention. At the same time, Member States are constrained by the fiscal rules in place at both EU and national level. The Stability and Growth Pact contains two clauses allowing Member States to undertake appropriate budgetary measures, within the Pact, in the face of exceptional circumstances. The first is known as the 'unusual events clause', while the second ...

An important element of the response to the COVID-19 pandemic will come from European Union (EU) Member States in the form of fiscal intervention. At the same time, Member States are constrained by the fiscal rules in place at both EU and national level. The Stability and Growth Pact contains two clauses allowing Member States to undertake appropriate budgetary measures, within the Pact, in the face of exceptional circumstances. The first is known as the 'unusual events clause', while the second is termed the 'general escape clause'. In essence, the clauses allow deviation from parts of the Stability and Growth Pact's preventive or corrective arms, either because an unusual event outside the control of one or more Member States has a major impact on the financial position of the general government, or because the euro area or the Union as a whole faces a severe economic downturn. As the current crisis is outside governments' control, with a major impact on public finances, the European Commission noted that it could apply the unusual events clause. However, it also noted that the magnitude of the fiscal effort necessary to protect European citizens and businesses from the effects of the pandemic, and to support the economy in the aftermath, requires the use of more far-reaching flexibility under the Pact. For this reason, the Commission has proposed to activate the general escape clause. With the Council having endorsed the Commission communication, a deviation from the medium-term budgetary objective or from the appropriate adjustment path towards it may be allowed for Member States, during both the assessment and the implementation of Stability or Convergence Programmes. In the corrective arm of the Pact, the clause will allow an extension of the deadline for the Member States to correct their excessive deficits under the excessive deficit procedure, provided those Member States take effective action as recommended by the Council.

Plenary round-up – Brussels, March II 2020

27-03-2020

The need to observe strict sanitary measures, in view of the COVID-19 contagion, requires a flexible response from everyone. Consequently, the European Parliament organised and conducted its March II plenary session with new precautionary measures, allowing it to act rapidly to carry out its essential legislative function during the crisis. Parliament's Bureau put in place an alternative voting procedure for the 26 March extraordinary plenary session. The new procedure meant that all Members – with ...

The need to observe strict sanitary measures, in view of the COVID-19 contagion, requires a flexible response from everyone. Consequently, the European Parliament organised and conducted its March II plenary session with new precautionary measures, allowing it to act rapidly to carry out its essential legislative function during the crisis. Parliament's Bureau put in place an alternative voting procedure for the 26 March extraordinary plenary session. The new procedure meant that all Members – with most unable to be present in Brussels – could vote from a distance, sending their voting papers to Parliament’s Secretariat by e-mail. Parliament has adjusted its calendar, replacing the regular plenary part-sessions with shortened sessions until the summer. The temporary voting procedure will be available until 31 July 2020, unless extended by Bureau decision. Moreover, the Secretariat is working to put in place a more advanced remote voting system, which would enable more complex votes to be held among Members, in both committee and plenary, thus ensuring Parliament can carry out its essential budgetary and legislative functions throughout the ongoing public health crisis. The session focused on three urgent legislative proposals responding to the coronavirus pandemic. Parliament adopted its positions on temporary suspension of EU rules on airport slots, creation of a Corona Response Investment Initiative and extension of the EU Solidarity Fund, almost unanimously, less than two weeks after the European Commission tabled its proposals. With the Council also agreed on the three texts, the measures can now be adopted in the coming days. Members also heard from the Commission and Council on the coordination of the European response to the COVID-19 outbreak.

The European Council, health policy and pandemics

27-03-2020

The European Council (of EU Heads of State or Government) has been active in its response to the coronavirus crisis. So far it has held three video-conference calls of national leaders on the subject, with a view to seeking to develop a coordinated response both among the Member States and collectively at EU level. This note sketches the context, describes some of the instruments available to the Union, and compares responses to the outbreaks of Ebola in the past and COVID-19 today.

The European Council (of EU Heads of State or Government) has been active in its response to the coronavirus crisis. So far it has held three video-conference calls of national leaders on the subject, with a view to seeking to develop a coordinated response both among the Member States and collectively at EU level. This note sketches the context, describes some of the instruments available to the Union, and compares responses to the outbreaks of Ebola in the past and COVID-19 today.

Europe - the Global Centre for Excellent Research

12-03-2020

This paper summarises the study that analyses the EU’s potential to be a global centre of excellence for research as a driver of its future growth in a complex global science and technology (S&T) landscape, and how EU public resources, most notably its research and innovation Framework Programmes, can contribute to this.

This paper summarises the study that analyses the EU’s potential to be a global centre of excellence for research as a driver of its future growth in a complex global science and technology (S&T) landscape, and how EU public resources, most notably its research and innovation Framework Programmes, can contribute to this.

Autor extern

Reinhilde Veugelers, Michael Baltensperger

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