Commission grants 267 million euro for new LIFE+ environmental projects

The European Commission has launched its annual call for proposals to be funded under the LIFE+ programme, the European fund for the environment. Proposals are welcome under one of the programme’s three components: Nature and Biodiversity, Environment Policy and Governance, and Information and Communication.

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Parliament calls for Derivatives regulation to apply only to privately-traded derivatives

Work on EU legislation to regulate derivatives trading began officially in the Economic Affairs Committee held on 28 February, with the presentation of a draft report by rapporteur Werner Langen. This report recommends that new rules should govern only privately-traded derivatives, rather than all kinds as proposed by some Member States. I also advocates for limited exemptions and scrapping proposed co-operation arrangements between clearing houses.

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Commission seeks to attract private investment for infrastructures projects and presents Europe 2020 Project Bonds …

The European Commission has launched on 28 February a public consultation on the "Europe 2020 Project Bond Initiative" which aims at boosting the funding of projects with long-term revenue potential in line with the Europe 2020 policy priorities. The final objective is to help the private project companies to attract capital market funding from investors such as pension funds and insurance companies.

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EU embargo and sanctions on Qadhafi's regime in Libya

The Council of the European Union adopted on 28 February 2011 a decision implementing the UN Security Council Resolution on Libya of 26 February (UNSCR 1970/2011) and imposing additional restrictive measures against those responsible for the violent crackdown on the civilian population. These measures include ban of supply of arms and equipment which could be used for repression, as well as a visa ban and freeze of assets for Muammar Qadhafi and some members of his family.

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Council debates regulation on energy market integrity and transparency

At its meeting held in Brussels on 28 February, the Energy Council was was briefed on the state of play of discussions on the draft regulation on energy market integrity and transparency aimed at setting up a framework for monitoring wholesale energy markets in order to detect market abuse and manipulation. The Commission considers that, although market abuse and manipulation relating to financial instruments in general are already covered by other legal provisions, the particular nature of the market for gas and electricity required a separate instrument.

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