New EU climate and competition chiefs to develop bloc's 'clean industrial deal'
By Julia Payne
BRUSSELS, Sept 17 (Reuters) -The European Commission's new climate and competition chiefs have been jointly tasked with developing a "clean industrial deal" for the bloc as part of plans to promote clean energy and reverse lagging competitiveness, their mission letters showed.
European Commission President Ursula von der Leyen on Tuesday named the team which will lead the EU's most powerful institution for the next five years, tailoring it to focus on challenges posed by climate change, the war in Ukraine and the rise of China.
In von der Leyen's mission letters to her new team, she emphasized they should heed recent reports by Mario Draghi and Enrico Letta that warn of economic decline if swift changes are not made.
Wopke Hoekstra, the bloc's new climate chief, is tasked with enshrining the EU's 90% emission reduction target for 2040 into law and funnelling investment into net zero infrastructure.
He is also tasked with removing tax incentives for fossil fuels and accelerating the development of a single carbon market.
Teresa Ribera Rodriguez, the new competition head, has been tasked to help small EU businesses in the renewable energy sector to scale up as well as to "vigorously" enforce regulation against foreign subsidies.
The EU has been embroiled in a spat with China over what it perceives as China dumping subsidised electric vehicles into its market.
In a bid to promote new EU leaders, Ribera's mission includes protecting midcap companies and small businesses from "killer acquisitions" by foreign companies seeking to destroy competition.
The 27-member bloc has struggled to champion new leaders in the global clean tech race as the lack of a capital markets union hamstrings expansion within the EU and outside.
The EU faces growing competition from the U.S. and China and has been over-burdened by red tape and differing rules across its 27 member states. Von der Leyen has tasked her commissioners to cut reporting burdens for companies by at least 25% and at least 35% for small and medium businesses.
The EU wants to phase out petrol burning cars and to cut emissions by investing in more renewable energy sources such as wind and solar but major constraints on power grids and permitting have stymied efforts and run-up costs.
The new industry deal - including investments in infrastructure and clean technology - will be overseen by executive vice president for industry, Stephane Sejourne.
Reporting by Julia Payne
Editing by Christina Fincher
Pinakabagong Balita
Disclaimer: Ang mga kabilang sa XM Group ay nagbibigay lang ng serbisyo sa pagpapatupad at pag-access sa aming Online Trading Facility, kung saan pinapahintulutan nito ang pagtingin at/o paggamit sa nilalaman na makikita sa website o sa pamamagitan nito, at walang layuning palitan o palawigin ito, at hindi din ito papalitan o papalawigin. Ang naturang pag-access at paggamit ay palaging alinsunod sa: (i) Mga Tuntunin at Kundisyon; (ii) Mga Babala sa Risk; at (iii) Kabuuang Disclaimer. Kaya naman ang naturang nilalaman ay ituturing na pangkalahatang impormasyon lamang. Mangyaring isaalang-alang na ang mga nilalaman ng aming Online Trading Facility ay hindi paglikom, o alok, para magsagawa ng anumang transaksyon sa mga pinansyal na market. Ang pag-trade sa alinmang pinansyal na market ay nagtataglay ng mataas na lebel ng risk sa iyong kapital.
Lahat ng materyales na nakalathala sa aming Online Trading Facility ay nakalaan para sa layuning edukasyonal/pang-impormasyon lamang at hindi naglalaman – at hindi dapat ituring bilang naglalaman – ng payo at rekomendasyon na pangpinansyal, tungkol sa buwis sa pag-i-invest, o pang-trade, o tala ng aming presyo sa pag-trade, o alok para sa, o paglikom ng, transaksyon sa alinmang pinansyal na instrument o hindi ginustong pinansyal na promosyon.
Sa anumang nilalaman na galing sa ikatlong partido, pati na ang mga nilalaman na inihanda ng XM, ang mga naturang opinyon, balita, pananaliksik, pag-analisa, presyo, ibang impormasyon o link sa ibang mga site na makikita sa website na ito ay ibibigay tulad ng nandoon, bilang pangkalahatang komentaryo sa market at hindi ito nagtataglay ng payo sa pag-i-invest. Kung ang alinmang nilalaman nito ay itinuring bilang pananaliksik sa pag-i-invest, kailangan mong isaalang-alang at tanggapin na hindi ito inilaan at inihanda alinsunod sa mga legal na pangangailangan na idinisenyo para maisulong ang pagsasarili ng pananaliksik sa pag-i-invest, at dahil dito ituturing ito na komunikasyon sa marketing sa ilalim ng mga kaugnay na batas at regulasyon. Mangyaring siguruhin na nabasa at naintindihan mo ang aming Notipikasyon sa Hindi Independyenteng Pananaliksik sa Pag-i-invest at Babala sa Risk na may kinalaman sa impormasyong nakalagay sa itaas, na maa-access dito.
