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At a Glance – Resilient supply chains in the green transition: EU-US Explainer – 28-07-2021

The green transition will increase demand for critical minerals, high capacity batteries, and semiconductors. An electric vehicle requires six times more critical minerals than a conventional car, while an onshore wind power plant requires nine times more critical minerals than a comparable gas-fired plant. Likewise, the lithium-ion battery market is expected to become five to ten times larger by 2030 on account of demand for electric vehicles and stationary storage. Meanwhile, semiconductors underpin virtually every technology, giving them industrial and national security significance. Dependence on a few countries (e.g. China) for these critical inputs and technologies has sparked interest in policies to increase supply chain resilience, for instance through greater domestic production. As the EU and US face similar challenges, in June 2021 they agreed to establish the EU-US Trade and Technology Council, which will also address cooperation on supply chains.

Source : © European Union, 2021 – EP

Highlights – Recovery and Resilience Dialogue: committee debate – Committee on Budgets – Committee on Economic and Monetary Affairs

Impact of the Covid19 pandemic on EU Industries
The Committee on Budgets and the Committee on Economic and Monetary Affair will hold their second Recovery and Resilience Dialogue with Valdis Dombrovskis, Executive Vice-President for an Economy that Works for People, and Economy Commissioner Paolo Gentiloni, on 14 July. The debate is expected to focus on the Commission’s assessment of national recovery and resilience plans submitted by Member States.

Source : © European Union, 2021 – EP

Briefing – Development of organic production in the EU: 2021-2027 action plan – 28-07-2021

In May 2020, the European Commission published its ‘farm to fork’ strategy – ‘for a fair, healthy and environmentally friendly food system’ – along with the EU biodiversity strategy, as part of the implementation of the European Green Deal. In those strategies the Commission set a target of 25 % of the EU’s agricultural land to be under organic farming by 2030, as well as a significant increase in organic aquaculture. These targets aim to contribute to improving the sustainability of the food system, to reverse biodiversity loss and to reduce the use of chemical substances in the form of pesticides and fertilisers. The Commission’s 2021 work programme set out its intention to prepare an action plan for the development of organic production for the 2021 to 2027 period, and the action plan was published on 25 March 2021. Offering an initial analysis of the action plan, this briefing outlines the measures envisaged and the implications for different stages of the food chain in the EU. It also examines the results of the public consultation launched by the Commission in September 2020 to gather stakeholders’ views on the challenges and opportunities for the organic sector. The views of key stakeholders in response to the publication of the action plan are also covered, along with the initial views expressed by the advisory committees.

Source : © European Union, 2021 – EP

Study – Euro Area fiscal policies and capacity in post-pandemic times – 02-07-2021

This paper situates the EU’s fiscal response to the pandemic (suspending the Stability and Growth Pact, creating the SURE and Recovery and Resilience Facility) within longstanding debates on reforming EU fiscal governance and offers recommendations on the way forward, specifically the SGP reforms needed prior to returning to its rules and creating a budget with a stabilisation capacity.

Source : © European Union, 2021 – EP

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