MEPs rejected to freeze auctions of a portion of CO2 emission quotas
The European Parliament voted against freezing auctions of a portion of CO2 emission quotas, so as to boost the price of EU polluter's permits. A majority of MEPs felt that interfering with the supply of credits would undermine confidence in the Emissions Trading System (ETS). On the other hand, MEPs agreed to temporarily exclude intercontinental flights from the scheme.
Read more …New proposal would require large companies to disclose environmental and social information in their annual reports
The European Commission presented a proposal to amend the existing accounting legislation in order to improve the transparency of certain large companies on social and environmental matters. According to the proposal, large companies with more than 500 employees would be required to disclose relevant and material environmental and social information in their annual reports.
Read more …The CoR proposes to allocate €3.5 billion to provide non-financial assistance to the most deprived in Europe
The Committee of the Regions (CoR) has proposed that the European Commission increases by €1 billion more the level of investment for a new Fund dedicated to supporting citizens most in need. Additionally, the CoR rejected the Commission's proposals to allow member states to voluntarily participate in co-financing schemes that use the Fund, arguing that this could take away local and regional authorities' access to vitally needed investment.
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