Tesla: US beats EU in looming subsidy race

1 month ago EURACTIV.com

Amid growing concerns over a subsidy race between the US and Europe, Tesla has announced it will be backtracking on its investments in Germany due to higher subsidies in the US. The US is luring companies with its multi-billion heavy Inflation Reduction Act (IRA), which offers generous subsidies and tax breaks for the green industry. Tesla had initially announced plans to create the most significant battery production site in the world in Germany. A high-ranking source from Europe’s aluminium sector recently warned about the risk of EU companies relocating to the US unless immediate action is taken. “Many European countries have already announced plans to relocate their planned investments away from Europe and towards the USA.
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The Green Brief: Beware the zombie Energy Charter Treaty

In case of withdrawal, the risk of further claims from existing investors, including on fossil fuels, remains,” the European Commission told EURACTIV in emailed comments. Spain, France, Portugal abandon MidCat, agree on green energy, gas corridor. In 2021, the European Commission proposed the Methane Regulation, the first EU-wide legislation aimed at cutting methane emissions. EU Energy Transition – what role for critical raw materials? The European Commission, together with relevant stakeholders, is working on different action plans and initiatives to address critical raw materials in supply chains.

5 months ago EURACTIV.com

Pfizer, Moderna significantly raised vaccine prices for Germany mid-pandemic

The Capitals brings you the latest news from across Europe, through on-the-ground reporting by EURACTIV’s media network. The European news you deserve to read. Today’s edition is powered by DG JUST Diversity Awards 2023Is your town or city the most inclusive place in the EU? Apply now >>In today’s news from the Capitals:Pharmaceutical companies Pfizer/Biotech and Moderna imposed significantly higher vaccine prices on Germany in the middle of the COVID-19 pandemic, documents obtained by German media show. Bulgaria summoned its ambassador to North Macedonia, Angel Angelov, back to Sofia as tensions continue to simmer between the two countries.

2 months ago EURACTIV.com

Europeans close shop as economic downturn looms

The Czech Presidency of the EU Council circulated a new compromise on the first five chapters of the new data law. The European Council adopted on Monday (24 October) three final regulations that complete the European Health Union. ///BRUSSELSBelgian energy minister supports withdraw from Energy Charter Treaty. ///THE HAGUEJoint purchasing ‘extremely important’, says Dutch energy minister. Between the middle of November and the first week of December, there will be a vote in the European Council on the country’s visa liberalisation process, rapporteur for Kosovo in the European Parliament, Viola von Cramon, stated on Monday.

5 months ago EURACTIV.com

US, allies slam Russia for wasting UN Security Council time

The United States and allies slammed Russia on Thursday (27 October) for wasting the time of the UN Security Council and spreading conspiracies by again raising its accusation that the United States has “military biological programs” in Ukraine. Russia has previously raised at least twice at the Security Council the issue of biological weapons programs in Ukraine. The United States and Ukraine have said they do not have biological weapons programs. Such a move is possible – but has never been invoked – under the Biological Weapons Convention, which took effect in 1975. A resolution needs nine votes in favor and no vetoes by Russia, China, the United States, France or Britain to pass.

5 months ago EURACTIV.com

Starting with the good news

But before we get to the good news, please take a minute to give us a short feedback on the Economy Brief. This is good if you’re an employee, as is the most recent analysis by the European Central Bank. On the other, core inflation (inflation of all goods except food and energy) is still moving upwards. Five Takeaways from the Roosevelt Institute’s Progressive Industrial Policy Forum: Todd N. Tucker gives an overview of five main lessons for a progressive industrial policy. It is mainly about US policy, but as the EU is moving towards industrial policy, this article might well be worth your time.

2 months ago EURACTIV.com

Putin insists no plan to absorb Belarus on visit in Ukraine shadow

Russian President Vladimir Putin denied plans to absorb Belarus as he paid a rare visit Monday (19 December) to the country whose strongman assisted his invasion of neighbouring Ukraine. Putin called the countries “closest allies and strategic partners” but said that rumours that Russia sought to take over Belarus came from “ill-wishers”. “We have seen the Lukashenko regime essentially cede its sovereignty — cede its independence — to Russia,” Price said. Gas price capThe West has sought to keep the pressure on Russia. EU seals deal on gas price cap after months of wrangling EU energy ministers reached a deal on Monday (19 December) to limit excessive gas prices, following months of debate over whether or not to implement a price cap on imports into Europe.

3 months ago EURACTIV.com

Ukraine’s situation at the front is getting tougher, Zelenskyy says

Ukrainian President Volodymyr Zelenskyy said on Saturday (4 February) that the situation on the front lines in the east of the country was getting tougher and Russia was throwing more and more troops into battle. “I’ve often had to say the situation at the front is tough, and is getting tougher, and it’s that time again. … The invader is putting more and more of his forces into breaking down our defences,” Zelenskyy said in his nightly video address. Lyman, which lies just to the north of Bakhmut, was liberated by Ukrainian forces in October. On Friday, Zelenskyy vowed that his forces will fight for Bakhmut “for as long as we can,” but the situation there is becoming increasingly dire for Ukrainian forces.

1 month ago EURACTIV.com

Global Europe Brief: Could China grow to be a Russia-like problem?

Welcome to EURACTIV’s Global Europe Brief, your weekly update on the EU from a global perspective. Before this week’s China discussions, the EU’s diplomatic service prepared a so-called non-paper and sent it to member states, which we also got our hands on. The document makes it clear China has become an even stronger global competitor for the EU, the US and other like-minded partners. Especially since some couldn’t help but spot the deja vu of some EU member states wanting to run solo on China as they did on Russia. A senior EU official compared German Chancellor Scholz’s trip to some EU member states becoming even more dependent on Russian oil after Moscow’s invasion of Crimea.

5 months ago EURACTIV.com

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