RPT- MNI INTERVIEW: Canada Chilled By Trump Tariff Threat

MNI China Daily Summary: Monday, January 20

MNI: EURZONE NOV CONSTRUCTION PRODUCTION 1.2% M/M

MNI BRIEF: China Steel Industry To Control Capacity Further

MNI BRIEF: China, US To Strengthen Trade Dialogue - Official

MNI: China CFETS Yuan Index Down 0.05% In Week of Jan 17

MNI: EUROZONE NOV CONSTRUCTION OUTPUT +1.2% M/M, +1.4% Y/Y

MNI: GERMANY DEC PRODUCER PRICES -0.1% M/M, 0.8% Y/Y

MNI: GERMANY DEC PRODUCER PRICES +0.8% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EMISSIONS: EU's EPP Calls for Renewable Target, CO2 Import Tarriff Suspension

EMISSIONS
BulletPower BulletsEnergy BulletsCommodities

The European People's Party (EPP) is advocating for the suspension of renewable goals and supply chain reporting rules, urging a shift toward deregulation to stimulate the EU's economy, the EU political party said, cited by Euractiv.

  • Key proposals include putting EU corporate sustainability reporting rules on hold for at least two years, including rules on supply chains, the EU's green finance taxonomy, and the new CO2 import tariff.
  • The EPP suggests limiting the EU's CO2 import duty (CBAM) to large companies with over 1,000 employees and cutting reporting obligations for these companies by at least 50%.
  • While the EPP supports the EU's climate targets and CO2 pricing mechanism (ETS), it advocates for the abolition of renewable energy targets, leaving it up to member states to choose technologies to meet climate goals.
  • The move aligns the EPP with pro-nuclear countries, such as France, and against pro-renewable nations, particularly regarding the 2040 renewable energy target.
  • It is also a far departure from Von Der Leyen's earlier position, as she had tasked her Energy Commissioner with proposing a renewable energy target on 1 December.
176 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The European People's Party (EPP) is advocating for the suspension of renewable goals and supply chain reporting rules, urging a shift toward deregulation to stimulate the EU's economy, the EU political party said, cited by Euractiv.

  • Key proposals include putting EU corporate sustainability reporting rules on hold for at least two years, including rules on supply chains, the EU's green finance taxonomy, and the new CO2 import tariff.
  • The EPP suggests limiting the EU's CO2 import duty (CBAM) to large companies with over 1,000 employees and cutting reporting obligations for these companies by at least 50%.
  • While the EPP supports the EU's climate targets and CO2 pricing mechanism (ETS), it advocates for the abolition of renewable energy targets, leaving it up to member states to choose technologies to meet climate goals.
  • The move aligns the EPP with pro-nuclear countries, such as France, and against pro-renewable nations, particularly regarding the 2040 renewable energy target.
  • It is also a far departure from Von Der Leyen's earlier position, as she had tasked her Energy Commissioner with proposing a renewable energy target on 1 December.