MNI BRIEF: China Aims For AI Standards By 2026

MNI China Press Digest July 2: PBOC, FDI, Land Revenue

MNI: PBOC Net Drains CNY298 Bln Via OMO Tues; Rates Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

MNI: PBOC Sets Yuan Parity Higher At 7.1291 Tues; -0.09% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1291 TUES VS 7.1265

Unemployment Rate Below Consensus in May, Employment Growth Solid

Flash Inflation In-Line With Tracking; Services Remain Sticky

MNI: EUROZONE MAY UNEMPLOYMENT RATE 6.4%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Germany Pushes for Tighter EU Climate Rules

EMISSIONS
Homepagemarkets-real-timeBullet

Germany’s economy industry is planning to lobby for tighter EU rules for oversight of construction and sustainable products ahead of the European elections according to a document seen by Bloomberg.

  • German Economy Minister Robert Habeck aims to link new requirements to quotas for raw materials and products. The ministry is also seeking to expand the EU’s key carbon pricing tools, which could increase some consumer costs.
  • He also said that the EU should also consider expanding the types of emissions included in the EU ETS scheme and the Carbon Border Adjustment Mechanism.
  • Scope 3 emissions are coming from a source outside a company such as transport or disposal. These are the hardest to trace and would increase the burden for businesses if included under the scheme, industry groups warn.
  • The government has already presented a €23 billion subsidy program for energy-intensive companies, but these measures mostly target suppliers, Habeck said.
  • Germany aims to cut carbon emissions by 65% by 2030.
160 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.

Germany’s economy industry is planning to lobby for tighter EU rules for oversight of construction and sustainable products ahead of the European elections according to a document seen by Bloomberg.

  • German Economy Minister Robert Habeck aims to link new requirements to quotas for raw materials and products. The ministry is also seeking to expand the EU’s key carbon pricing tools, which could increase some consumer costs.
  • He also said that the EU should also consider expanding the types of emissions included in the EU ETS scheme and the Carbon Border Adjustment Mechanism.
  • Scope 3 emissions are coming from a source outside a company such as transport or disposal. These are the hardest to trace and would increase the burden for businesses if included under the scheme, industry groups warn.
  • The government has already presented a €23 billion subsidy program for energy-intensive companies, but these measures mostly target suppliers, Habeck said.
  • Germany aims to cut carbon emissions by 65% by 2030.