BRUSSELS (Reuters) – The European Commission provisionally accepted the budgets of France and Italy, saying on Tuesday that no euro zone states had submitted deficit plans for next year that seriously breached EU rules for fiscal stability.
A day after Paris and Rome amended their 2015 budgets in the hope of avoiding censure from the European Union executive, the economics commissioner said no national budget had been so out of line it was rejected by an initial deadline of Wednesday. Detailed analysis will continue next month, Commissioner Jyrki Katainen added.
LONDON/BRUSSELS, Oct 28 (Reuters) – Oil majors BP and
Statoil said the U.S. Federal Trade Commission (FTC)
was closing a probe into anticompetitive practices in oil price
reporting, while a European official said the EU investigation
was still going on.
European Commission officials in May 2013 raided the offices
of oil majors BP, Shell and Statoil as part of an
investigation of suspected manipulation of oil and biofuel
BRUSSELS, Oct 28 (Reuters) – Plans to accelerate reform of
Europe’s carbon market could be finalised as soon as April,
building on the momentum from last week’s EU deal on green
energy policy, Britain’s energy and climate minister said on
The EU has been debating proposals to strengthen its
Emissions Trading Scheme (ETS), meant to be the bloc’s sharpest
tool in shifting to a low carbon economy but blunted by a
surplus of spare pollution permits.
BRUSSELS (Reuters) – The European Commission called tweaks to France and Italy’s 2015 budgets “useful and constructive” on Tuesday as it prepared to decide whether the countries’ efforts to curb their deficits have been enough to meet EU rules.
“We are still analysing the information that was sent to us by Italy and France in particular,” a Commission spokesman said on Tuesday in response to a question on whether Paris would avoid a demand from Brussels for further budget changes.
BRUSSELS (Reuters) – EU nations have work to do to meet new green energy goals agreed last week, as increased fossil fuel burning last year drove up pollution in some countries, although the bloc is on track to meet its earlier targets, official data showed on Tuesday.
The figures from the European Environment Agency (EEA) showed the European Union’s overall emissions fell by 1.8 percent in 2013 versus 2012, meaning it has already met a 2020 goal to cut pollution by 20 percent versus 1990.
BRUSSELS, Oct 24 (Reuters) – A European Union goal to cut
greenhouse gases by 40 percent by 2030, agreed early on Friday,
sets the pace for a global deal to tackle climate change,
pitting heavy industry against green business.
Industry bosses said they faced big challenges to adapt,
while greener firms said the EU had aimed too low to spur
low-carbon investment and climate campaigners said concessions
to polluters made it “a dirty thirty”, not a 2030 deal.
BRUSSELS, Oct 24 (Reuters) – European Union leaders struck a
deal on a new target to cut carbon emissions out to 2030,
calling it a new global standard but leaving critics warning
that compromises had undermined the fight against climate
Talks in Brussels stretched into the small hours of Friday
as Poland battled to spare its coal industry and other states
tweaked the guideline text on global warming to protect varied
economic interests, from nuclear plants and cross-border power
lines to farmers whose livestock belch out polluting methane.
BRUSSELS (Reuters) – European leaders aim to agree a new decade of energy policy to cut climate-warming gas emissions out to 2030 at an EU summit on Thursday, though sharp differences over sharing the cost means a deal could elude them.
The 28 member states want to set the pace for a global pact to be hammered out in Paris next year with industrial powers from Asia, North America and the rest of the world.
BRUSSELS, Oct 22 (Reuters) – EU leaders face hours of
haggling as they seek to agree on a new decade of climate and
energy policy at talks beginning on Thursday, with nations from
Poland to Portugal threatening to block a deal.
If the European Union can manage an accord, including a more
ambitious greenhouse gas cut, it will be the first major bloc to
set an emissions target for 2030 and would set the tone ahead of
United Nations talks next year on a global pact to manage
BRUSSELS (Reuters) – Portugal warned on Wednesday it could block an EU plan to cut greenhouse gas emissions if other states at a summit this week reject a binding target for building cross-border power cables and pipelines.
“We will not support a deal that does not include a binding target because we need to create a stable, predictable regulatory framework in order to attract private investment,” Bruno Macaes, Portugal’s secretary of state for Europe, told Reuters.