Large-scale hybrid electricity storage: innovation for decarbonisation [Promoted content]

Initial coin offerings (ICOs) are a relatively new method of raising capital for early-stage ventures. They allow businesses to raise capital for their projects, by issuing digital tokens in exchange for crypto assets or fiat currencies. They constitute an alternative to more traditional sources of start-up funding such as venture capital (VC) and angel finance. ICOs can potentially offer advantages in comparison with traditional ways of raising capital. At the same time, their opacity and the general tendency for issuers to exploit regulatory loopholes can carry significant risk for investors, may make ICOs vulnerable to money laundering and terrorist financing, and could even create financial stability concerns. ICOs have been met with a wide range of initial regulatory responses: from an outright ban in the case of China and South Korea, to more supportive approaches in other jurisdictions, with Singapore in Asia and Switzerland in Europe leading the way. As for the European Union (EU) and the United States, the relevant regulatory agencies initially published warning notices, reinforced by statements that securities laws could apply and registration be necessary. The EU went a step further and is currently seeking to partially regulate ICOs, with a proposal for a regulation on markets in crypto-assets (MiCA regulation). Meanwhile, some Member States are currently implementing regulatory sandboxes, to provide an impetus for innovation without imposing the immediate burden of regulation.

Source : © European Union, 2021 – EP

This study explores the prospects of aligning citizens’ behaviour with the objectives of the European Green Deal in the domains of food consumption and mobility. Creating a climate-neutral and resource-efficient European economy requires a deep transformation of energy, mobility and food systems, as well as a change in production and consumption practices. Such profound change will impact both individuals and society. At the same time, the transition to sustainability will not succeed if people do not support it by adapting their behaviour and consumption patterns. This would imply change towards ‘sustainable behaviour’. The study explores options for such sustainable behaviour, with a focus on mobility and food consumption. It identifies key challenges and possibilities in each domain and explores how technological solutions can help people adapt to sustainable behaviour in alignment with the objectives of the European Green Deal.

Source : © European Union, 2021 – EP

Given the important role they play in the roll-out of zero-emission mobility and the storage of intermittent renewable energy, batteries are a crucial element in the EU’s transition to a climate neutral economy. The proposal presented by the European Commission is designed to modernise the EU’s regulatory framework for batteries in order to secure the sustainability and competitiveness of battery value chains. It would introduce mandatory requirements on sustainability (such as carbon footprint rules, minimum recycled content, performance and durability criteria), safety and labelling for the marketing and putting into service of batteries, and requirements for end-of-life management. The proposal also includes due diligence obligations for economic operators as regards the sourcing of raw materials. In Parliament, the Committee on the Environment, Public Health and Food Safety, responsible for the file, is expected to consider its rapporteur’s draft report at a meeting in October 2021. In Council, ministers took stock of the progress made on the file at the June Environment Council. The Slovenian Presidency of the Council aims to reach agreement on a general approach.

Source : © European Union, 2021 – EP