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EU considers exempting most companies from carbon border levy

The European Commission may consider scaling back its carbon border levy to just 20% of the companies covered by the scheme, because they account for nearly all of the emissions involved, the EU's head of climate policy said on Thursday.

The Financial Times · 1d

Brussels to exempt most EU companies from carbon border tax

More than 80 per cent of EU companies eligible for a new carbon border tax will be exempted under reforms planned by Brussels, tax commissioner Wopke Hoekstra has said. Hoekstra told the FT he wanted to restrict the carbon border adjustment mechanism (CBAM) to the biggest importers and spare most businesses the costs of compliance and charges as part of the bloc’s push to cut red tape and boost productivity.

E&E · 11h

EU plans to spare 80 percent of firms from carbon tax

This change may be part of the EU’s upcoming “omnibus” legislation, which is designed to slash reporting rules for businesses.

www.hks.harvard.edu2h

What the EU must do to compete—and become the leader the world needs

With the United States in retreat under the banner of “America First,” outgoing Belgian Prime Minister Alexander De Croo says ...

European Commission asks China's Shein for information on illegal content and goods

The European Commission said in a statement on Thursday that it had asked Chinese fast-fashion retailer Shein to provide ...

2don MSN

EU Sets Out Plans to Crack Down on E-Commerce Platforms Amid Product Safety Concerns

The commission wants platforms like Shein to provide data on the products coming into the region.

EU Treads Carefully in Era of Power Politics: Brussels Edition

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.

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The European Commission's (Anti)Competitiveness Compass

The European Commission unveiled the Competitiveness Compass, a new initiative aimed at boosting member states' productivity, ...

An EU fund to help troops move quickly is too small and poorly managed, auditors say

Auditors say a European Union fund meant to help speed the deployment of troops and military equipment around the 27-nation ...

Investors Urge EU To Keep Green Rules In Face Of Trump Turmoil

With $6.8 trillion in assets under management, financial actors tell the EU it must stand firm against the U.S. President's ...

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Poland can’t get its money back after the EU fined the country’s previous, conservative government

Poland won’t get any money back after its previous, conservative government was hit by a record-breaking fine by the European ...

3don MSN

EU Must Accept Transactional Global Relationships, Commission Chief Von Der Leyen Says

Officials need to manage diplomatic negotiations in a more volatile geopolitical environment the Commission President said in ...

Food Safety News1d

EU passes regulation on use of WGS during outbreaks

The European Commission has adopted legislation requiring EU countries to do Whole Genome Sequencing (WGS) during foodborne ...

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European Council presidency ‘an opportunity for Cyprus to leave its mark’

Cyprus’ forthcoming term as the holder of the European Council’s rotating presidency in the first half of next year is “a unique opportunity for our country to leave its own mark on the European Union ...

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